Finance Finance News Macquarie back to billion dollar profits

Macquarie back to billion dollar profits

Macquarie Bank has posted its best profit in six years.
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Macquarie Group has posted its strongest profit result in six years, breaking back through the $1 billion mark.

The investment bank, which has taken a big hit from the global financial crisis in recent years, posted a full-year profit of $1.27 billion.

That is a 49 per cent increase on last year’s result, and just above analysts expectations.

Shareholders will receive a final dividend of $1.60 a share, 40 per cent franked, on July 2.