Macquarie Group Limited
(ASX:MQG) has reaped the benefits of stronger global market conditions, posting a 17 per cent lift in full year net profit to $851 million.
The investment bank saw profit hit $490 million in the second half of the year, up 36 per cent on the first half.
Revenue in the period was $6.7 billion, a four per cent decline on the previously reported $6.963 billion.
The group will pay an interim unfranked dividend of 75 cents, which will bring Macquarie's total dividend to a partially-franked $1.25.
The company expects to improve its net profit even further in fiscal 2014, depending on market conditions.
Macquarie Group Managing Director and CEO Nicholas Moore said the result was due to stronger market conditions as well as controlling costs across the group.
