Macquarie Group (MQG) is Australia's leading listed Investment bank and has offices all around the globe. The company is well diversified with six different operating groups:
Big 1H14 result
MQG's 1H14 results were a standout, with net profit of $503 million representing a 39% increase on 1H13 and beating analyst estimates. An interim dividend of $1 was declared, franked to 40c.
Revenue over the period was up 20% to $3.68 billion, with the funds management business a highlight.
Assets under management (AUM) were $385 billion at the end of September 30, up 11% from 2H13 and driving a corresponding 11% jump in Macquarie Funds earnings.
There was also a strong rebound at Macquarie Securities, which experienced a 23% surge in operating income from 2H13, as improved equity volumes led to increased commissions.
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