Select a page

Banking News

Macquarie in impressive first half result

Macquarie in impressive first half result

(Australia) - Australia's only listed investment bank, Macquarie Bank, has announced a 41 percent lift in net profit to A$183 million for the six months to September 30. The result, which was well ahead of forecasts, was driven by robust fee income from Macquarie linked projects such as the A$5.6 billion Sydney Airport transaction.

The profit figure also included A$62 million in asset writedowns relating to the bank's Macquarie Airports Trust investment.

Managing director Allan Moss forecast second half net profit would beat last year's A$120 million, but said the second half result was likely to come in under the A$183 million first half figure.
East & Partners's avatar

Comment on this article


Your comments will not be published. Required fields are marked *


Please enter the word you see in the image below:


Subscribe to our mailing list

Sign up now to keep up-to-date with the latest
market news and insights in B2B banking.

* indicates required

For more information please read our Terms and Conditions and Privacy Statements.