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)
Nov 3 (Reuters) - Australia's Macquarie Group Ltd (MQG) on...
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