Macquarie Group Limited (ASX:MQG) has beaten analyst expectations to post a net profit of $1.26 billion in the year to March.
The result, for Australia’s largest listed investment bank, was a 49 per cent increase on the previous year.
CEO Nicholas Moore says global market conditions continued to improve in the year adding to gains in operating income and profit, and all operating groups delivered increased net profit contributions.
The outlook for 2015 is forecast to be in line with 2014 with potential gains dependent on market conditions.
Macquarie Group last traded at $58.20 ahead of the announcement.
