May 3 (Reuters) - Investment bank Macquarie Group Ltd reported a 16.6 percent rise in full-year profit to a record high on Friday, but warned that it expected fiscal 2020 results to be slightly lower than the current year.
The company’s net profit rose to A$2.98 billion ($2.09 billion) in the 12 months ended March 31, from A$2.56 billion a year earlier, and slightly higher than its own projection.
Analysts on average had estimated a profit of A$2.95 billion, Refinitiv data shows.
Macquarie set a final dividend of A$3.60 per share, up from A$3.20 last year.
$1 = 1.4288 Australian dollars Reporting by Rushil Dutta and Niyati Shetty in Bengaluru; Editing by Himani Sarkar, Bernard Orr