Macquarie Group (ASX:MQG) has delivered a record $2.56 billion annual profit.
That’s attributable to ordinary equity holders.
The Sydney based investment bank reported a 15 per cent rise in net profit for the 12 months ending March 31, according to the ASX statement released today.
This is about 10 per cent higher than last year’s $2.2 billion.
Macquarie began as a subsidiary of London merchant bank Hill Samuel & Co. and opened its first office in Sydney in 1970. Its annuity-style operations now contribute the bulk of earnings.
Macquarie said it would pay a final dividend of $3.20 a share at the beginning of July this year.
Shares in Macquarie Group (ASX:MQG) closed up 0.73 per cent to $107.75 yesterday