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Macquarie posts 10.6% rise in annual profit

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Published Thu, May 6, 2021 · 11:16 PM

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    [BENGALURU] Australia's Macquarie Group reported a 10.6 per cent rise in annual profit, as its commodities trading arm benefited from a surge in electricity prices driven by winter storms in US states in February that knocked out power for millions.

    Profit attributable for the year ended March 31 rose to A$3.02 billion (S$3.1 billion) from A$2.73 billion a year ago, the financial conglomerate said on Friday.

    REUTERS

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