Macquarie posts 5% FY NPAT increase

Macquarie Group has posted a solid if uninspiring 5% increase in full-year net profit after tax to $3,715 million noting that profit for the half-year ended 31 March was up 30% over the prior corresponding period.
Commenting on the result, Macquarie managing director and chief executive, Shemara Wikramanayake said that it had been achieved against a backdrop of ongoing market and economic uncertainty.
“Macquarie’s client franchises remained resilient over the past year, delivering new business origination and underlying income growth, contributing to our history of unbroken profitability,” she said.
The result saw the directors declare a final ordinary dividend of $3.90 per share 35% franked.
Macquarie Asset Management represented the significant contributor to the result, delivering a 33% increase in its net profit contribution of $1,380 million, while the group’s Commodities and Global Markets division saw an 12% decline to $2,829 million while Macquarie Capital held steady, delivering a net profit contribution of $1,043 million.
Looking over the horizon, the group said that it continued to maintain a cautious stance, with a conservative approach to capital, funding and liquidity.
It noted at the top of factors that might influence Macquarie’s short-term outline market conditions including global economic conditions, inflation and interest rates, significant volatility events and the impact of geopolitical events.









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