Macquarie Group Limited
(ASX:MQG) expects to achieve an improved full year result after lifting its first half net profit by 18 per cent to $361 million.
Total net operating income for the period sank fell by 5 per cent to $3.1 billion.
Australia’s largest investment bank says that varying market conditions may affect its final result, however stuck with its guidance.
Improved market conditions so far this financial year have seen improved results in Macquarie’s securities, capital, currencies and commodities businesses.
Macquarie will pay an unfranked interim dividend of 75 cents, equivalent to last year’s payment.
