- SYDNEY, AAP – Macquarie Group has reported a 10 per cent rise in full-year profit, helped by its markets trading.
The group on Friday revealed net profit after tax of $3.01 billion for the 12 months to March 31.
Macquarie’s markets activities had a 39 per cent rise in profit to $2.78 billion.
Shareholders will receive a final dividend of $3.35 per share, 40 per cent franked. This is higher than the previous final payout of $1.80 per share, 40 per cent franked.
Macquarie shares on the ASX were higher by 0.36 per cent to $159.58 at 1145 AEST.
The financial services provider is the latest major to improve profits since the coronavirus devastated the global economy last year.
This week Westpac more than trebled first-half profit to $3.4 billion.
ANZ reported first-half cash earnings more than doubled to $2.99 billion.
NAB had a similar story – a 94 per cent jump in first-half cash earnings to $3.3 billion.
The Commonwealth Bank is due to a third-quarter update next week.
Macquarie FY profit up 10 per cent
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