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Macquarie Group’s interim profit rises over 12%
2022.10.27 17:38
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© Reuters. FILE PHOTO: The logo of Australia’s biggest investment bank Macquarie Group Ltd adorns the main entrance to their Sydney office headquarters in Australia, October 28, 2016. REUTERS/David Gray/File Photo
(Reuters) – Australia’s Macquarie Group (OTC:) reported a 12.8% rise in first-half profit on Friday as volatility in oil and gas prices bolstered its markets-facing business.
The financial conglomerate’s attributable profit for the six months to Sept. 30 came in at A$2.31 billion ($1.49 billion), compared with A$2.04 billion reported a year ago. It beat a Refinitiv IBES estimate of A$2.19 billion.
($1 = 1.5506 Australian dollars)
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