Australia’s Macquarie Group has posted a net profit after tax attributable to ordinary shareholders of A$678m for the half year of fiscal year 2015, a rise of 35% compared to the year ago period.
For the six months ended September 30, net operating income was A$4.3bn, up 17% compared to the first half of the fiscal year 2014.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Macquarie’s assets under management (AUM) at 30 September 2014 were A$425bn, in line with 31 March 2014.
Macquarie Group managing director and CEO Nicholas Moore said: "The six months to 30 September 2014 saw Macquarie’s annuity-style businesses (Macquarie Funds (MFG), Corporate and Asset Finance (CAF) and Banking and Financial Services (BFS)) continue to perform well, with 1H15 combined net profit contribution up 38% on 1H14 and up 23% on 2H14.
"Macquarie’s capital markets facing businesses’ (Macquarie Securities (MSG), Macquarie Capital and Fixed Income, Currencies and Commodities (FICC)) combined net profit contribution was up 11% on 1H14 and down 43% on 2H14, which benefited from strong results in the Energy Markets business," Moore said.
"The Group remains well positioned, with a strong and diverse global platform and specialist skills across a range of products and asset classes. All of this is built on the foundation of a strong balance sheet, surplus capital, a robust liquidity and funding position and a conservative approach to risk management," Moore added.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
