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Macquarie Says Q1 Operating Group Contribution Broadly In Line With Prior Year

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Macquarie Group Ltd. (MQG.AX,MQBKY.PK) provided an update on the first quarter of its 2025 financial year ahead of its 2024 Annual General Meeting in Sydney.

The company's Managing Director and Chief Executive Officer, Shemara Wikramanayake, said that Macquarie's Operating Group performance was consistent with expectations, with the Operating Group contribution from the first quarter of the 2025 financial year broadly in line with the first quarter of the 2024 financial year.

Macquarie said it continues to maintain a cautious stance, with a conservative approach to capital, funding and liquidity that positions it well to respond to the current environment.

The Australian financial services firm remains said it remains well-positioned to deliver superior performance in the medium term with its diverse business mix across annuity-style and markets-facing businesses.

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