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Macquarie Group H1 Earnings Improve

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

Macquarie Group Limited (MQBKY.PK,MQG.AX), an Australian investment banking and financial company, on Friday reported a rise in earnings for the first half.

For the six-month period to September 30, the Group registered a net income of A$1.655 billion, up 3% from the same period last year. Net operating income was A$8.691 billion, up 6% from last year.

The assets under management were A$959.1 billion, up 5% from last year, driven by favorable market movements and increased net asset valuations.

Citing a strong capital position, the Board has approved an extension of the up to $A2 billion share buyback for a further 12 months.

For the first half, the Group will pay a dividend of A$2.80 per share on December 17 to shareholders of record as of November 18.

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