03.11.2023 02:54:31 - dpa-AFX: Macquarie HY Profit Down 39%; To Buy Back Up To A$2 Bln Of Shares

CANBERA (dpa-AFX) - Australian financial services firm Macquarie Group Ltd.
(MQG.AX, MQBKY.PK) announced a net profit after tax attributable to ordinary
shareholders of A$1.42 billion for the half year ended 30 September 2023, down
39 percent on the half year ended 30 September 2022.

Net operating for the period income was A$7.91 billion down eight percent from
the prior year.

Assets under management at 30 September 2023 were A$892.0 billion, up two per
cent from A$878.6 billion at 31 March 2023. The increase was largely due to
investments made by MAM Private Markets-managed funds and favorable foreign
exchange movements, partially offset by a reduction of co-investment management
rights in MAM Private Markets.

Macquarie announced a first-half of fiscal year 2024 interim ordinary dividend
of A$2.55 per share, down on the the first-half of fiscal year 2023 interim
ordinary dividend of A$3.00 per share. The record date for the interim ordinary
dividend is 14 November 2023 and the payment date is 19 December 2023.

Macquarie Bank Limited board has approved an on-market share buyback of up to
A$2 billion.

Macquarie said it continues to maintain a cautious stance, with a conservative
approach to capital, funding and liquidity that positions it well to respond to
the current environment.

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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
MACQUARIE GROUP LTD A0M6VH Frankfurt 117,080 05.06.24 08:20:01 +0,580 +0,50% 118,900 120,900 117,080 117,080

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