Macquarie Group Limited
(ASX:MQG) has increased its annual profit and flagged an improved result over the following financial year.
Australia’s largest listed investment bank boosted its net profit by 27 per cent to $1.6 billion in the year to the end of March.
The result exceeded analyst expectations of about $1.5 billion and Macquarie’s own forecast in February predicting 10 to 20 per cent profit growth.
CEO Nicholas Moore says Macquarie remains well positioned to deliver superior performance in the medium term.
A final dividend of $2 per share has been declared, taking the annual payout to $3.30 per share.
