Nov 3 (Reuters) - Australia's Macquarie Group Ltd (MQG) on Friday posted a 38.6% fall in its first-half profit due to weaker operational performance in the asset management division, and also approved a share buyback of up to A$2 billion ($1.29 billion).
The financial conglomerate's profit attributable for the half-year ended Sept. 30 came in at A$1.42 billion, compared with A$2.31 billion a year ago. That missed a consensus estimate of A$1.77 billion, according to Citi.
($1 = 1.5550 Australian dollars)
News: MQG Australia's Macquarie posts 38.6% fall in first-half profit
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Last
$226.17 |
Change
2.180(0.97%) |
Mkt cap ! $86.20B | |||
| Open | High | Low | Value | Volume |
| $224.14 | $226.74 | $223.87 | $118.7M | 526.3K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6 | $226.17 |
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| Price($) | Vol. | No. |
|---|---|---|
| $226.30 | 100 | 1 |
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| MQG (ASX) Chart |