AUSTRALIA'S MACQUARIE TO FLOAT NEW FUNDS IN MARCH-JUNE 205...

AUSTRALIA'S MACQUARIE TO FLOAT NEW FUNDS IN MARCH-JUNE
205 words
1 February 2006
Asia Pulse
English
(c) 2006 Asia Pulse Pty Limited
SYDNEY, Feb 1 Asia Pulse - Macquarie Bank Ltd (ASX:MBL) chief executive Allan Moss said there were a number of sets of assets that the investment bank expected to float in new funds between March and June this year.

However Macquarie's financial year ends on March 31, meaning that some of the transactions may miss out on inclusion in the 2005/06 results.

"There are really a number of sets of assets where realisations are likely to take place somewhere between March and June," Mr Moss told an analysts' briefing.

"Commercially, we're not going to accelerate those transactions to achieve an accounting outcome."

He said the transactions were large enough to have a significant impact on the bank's results.

"Even though we are large and diversified, some of these transactions are of such a size that whether they take place in March or April or May will make a noticeable difference to the results from this year," he said.

Mr Moss also noted that soundings with investors on the transactions had received "a very positive" response so far.

He described the market's appetite for new funds as "satisfactory" at the moment.

Document APULSE0020060131e221003mm


ITS A TIMING ISSUE. who cares that profit is same. Most of profit will occur next year