BY CAROLINE HENSHAW
SYDNEY—Macquarie Group Ltd. said first-half profit climbed 18% from a year earlier on strong income from its trading and funds businesses, and reiterated hopes for an improved full-year result if market conditions didn’t worsen.
Australia’s only listed investment bank said net profit in the six months ended Sep. 30 rose to A$361 million (US$373.6 million), compared with A$305 million in the first half of fiscal 2012 and the consensus forecast of A$374 million.
Its shares rallied after the result, rising as much as 4.3% in Sydney trading and on course for the biggest one-day gain in almost a year. That …
Source:
http://www.news.ezonearticle.com/2012/10/26/macquarie-profit-gains-on-trading-income/
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