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Feb 13 (Reuters) - Australian financial conglomerate Macquarie Group (MQG) reported weak performance for the nine-month period on lower profit contributions from its annuity and market-facing businesses.
The financial conglomerate, which does not disclose profit figures in quarterly updates, said lower asset realisations in green investments led to a fall in net profit for its asset management segment.
Fiscal 2024 year-to-date net profit contribution from commodities and global markets segment fell due to "exceptional" strength in commodities in the corresponding period, the company said.
Macquarie, however, said it remains well-positioned to deliver superior performance in medium-term.
News: MQG UPDATE 1-Macquarie nine-month profit hurt by weakness in annuity, market-facing businesses
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Last
$223.99 |
Change
-0.100(0.04%) |
Mkt cap ! $85.37B | |||
| Open | High | Low | Value | Volume |
| $220.01 | $223.99 | $219.86 | $109.9M | 493.5K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 75 | $223.00 |
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| Price($) | Vol. | No. |
|---|---|---|
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| MQG (ASX) Chart |