Macquarie Group's full-year net profit declines 32% to A$3.52bn due to reduced profitability in commodities and global markets.
Macquarie Group, an Australian financial services company, reported a 32% decline in full-year net profit to A$3.52 billion ($2.31 billion) due to reduced profitability in its commodities and global markets business. The company's assets under management increased by 7% to A$938.3 billion. Macquarie's CEO, Shemara Wikramanayake, remains confident in the company's medium-term prospects despite the challenges of economic uncertainty and subdued market conditions.
May 02, 2024
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