Macquarie’s NPAT rises 7.5% for 12 months to 31 March 2017

Company News

by Jessica Amir

Macquarie Group (ASX:MQG) has reported its net profit after tax, attributable to shareholders rose 7.5% to $2.2 billion for the 12 months to 31 March 2017.

The bank and financial services’ group’s net operating income lifted 2% over the same period to $10.36 billion.

Macquarie says the results were bolstered by its global platform strength and its recent acquisitions.

Its capital markets businesses also added an extra 12% to the group’s net profit, compared to the prior corresponding period.

For the 12 months to 31 March 2017 earnings per share hit $6.58, which is a 6% climb from the same period last year.

Shares in Macquarie Group (ASX:MQG) are currently trading 4.18% higher to $95.76.

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