SYDNEY, July 24 Macquarie Group,
Australia's top investment bank, on Thursday said results for
the year ending March 2015 would be in line with the previous
year, although it warned of short-term challenges such as
foreign exchange and tax uncertainties.
"The FY15 result for the group is expected to be broadly in
line with FY14, with the potential for a better result if market
conditions improve," the bank said in a statement ahead of its
annual general meeting.
Macquarie posted a near 50 percent jump in FY14 annual net
profit to A$1.27 billion ($1.20 billion).
($1 = 1.0597 Australian Dollars)
(Reporting by Swati Pandey; Editing by Stephen Coates)