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Macquarie’s year slows down

Macquarie’s year slows down

(Australia) - Macquarie Bank’s profit appears to have slowed by some 26 percent in the six months to March 2003 compared to its first half year. The Bank’s pre-tax profit dropped to A$195 million in the period to March 2003, down from A$265 million in the half year to September 2002, but a healthy 12 percent climb over the A$174 million in the corresponding half year to March 2002.

Post-tax net profit at A$150 million in this half year to March 2003 is down18 percent from A$183 million in the half year to September 2002 although a sizeable 25 percent up from its A$120 million in the same half year to March 2002.
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