Macquarie Group Limited
(ASX:MQG) expects its annual profit to rise between 10 to 20 per cent in the full 2015 financial year.
Australia’s largest listed investment bank has attributed the anticipated growth to improved trading conditions and a lower Australian dollar.
In July 2014 the company forecast a steady annual result and later said in September the result looks likely to be slightly up from the prior year.
Macquarie has told the ASX today its latest forecast remains subject to the completion rate of transactions and the conduct of period end reviews.
Macquarie Group improved its first half net profit by 35 per cent to $689 million in the six months to the end of September 2014.
