Oct
27
Macquarie Group Profit Beats Estimates on Asset Sales
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Full-year profit to be in line with last year’s record result
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Dividend payout increased to A$1.90 per share from A$1.60
Macquarie Group Ltd., the world’s largest manager of infrastructure funds, reported first-half profit fell less than estimated, and forecast full-year earnings will be broadly in line with last year’s record result.
Net income in the six months ended Sept. 30 declined 2 percent to A$1.05 billion ($797 million) from A$1.07 billion a year earlier, the Sydney-based bank said in a regulatory filing on Friday. That topped the A$994.5 million mean estimate of four analysts surveyed by Bloomberg…
Macquarie Group Profit Beats Estimates on Asset Sales
