Macquarie Group
(ASX:MQG) has announced an interim profit of $1.05 billion dollars for the half year ending 30 September.
The figure is a 2 percent drop on the prior corresponding period but represents a 6 percent increase on the half year ending 31 March 2016.
Compared to the same time last year Macquarie’s annuity businesses net profit contribution has dropped 15 percent, while operating expenses have grown 1 percent.
Assets under management grew 3 percent since March of this year to just over $493 billion.
Macquarie has announced it will pay an interim dividend of $1.90 per share at 45 percent franked.
Macquarie Group posted a net profit of at $2.09 billion at 31 March 2016.
