Reuters logo
Australia's Macquarie posts record H1 profit on strong performance fees
October 26, 2017 / 9:40 PM / 22 days ago

Australia's Macquarie posts record H1 profit on strong performance fees

Oct 27 (Reuters) - Australia’s biggest investment bank Macquarie Group Ltd beat expectations on Friday by posting a record first-half profit, boosted by performance fees.

Net profit jumped 19 percent to A$1.25 billion ($957.75 million), beating the average A$1.14 billion forecast of analysts according to Thomson Reuters I/B/E/S. ($1 = 1.3051 Australian dollars) (Reporting by Shashwat Pradhan in Bengaluru; editing by Byron Kaye, G Crosse)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below