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Macquarie FY Profit Rises

Macquarie Group Ltd. (MQG.AX,MQBKY.PK) reported a net profit after tax attributable to ordinary shareholders of A$3.015 billion for the year ended 31 March 2021, up 10 per cent on the year ended 31 March 2020.

Net operating income of A$12.774 billion was up four per cent on last year, while operating expenses of A$8.867 billion were in line with last year.

Assets under management at 31 March 2021 were A$563.5 billion, down six per cent from A$598.9 billion at 31 March 2020.

Macquarie also announced its commitment to reaching net zero operational emissions by 2025 and aligning its financing activity with the global goal of net zero emissions by 2050.

The Macquarie Group Limited Board announced a final ordinary dividend of A$3.35 per share , up on the fiscal year 20 final ordinary dividend of A$1.80 per share. The record date for the final ordinary dividend is 18 May 2021 and the payment date is 2 July 2021.

Peter Warne intends to stand for re-election as Chair at the 2021 AGM for one additional year given his oversight of the ongoing process of Board renewal and as a period of global uncertainty continues to abate into 2022.

Gordon Cairns, who had previously advised of his intention to retire from the Macquarie Boards, steps down on 7 May 2021.

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