Sept 14 (Reuters) - Australian investment conglomerate Macquarie Group (MQG) said on Monday it expects first-half earnings to be about 35% lower, citing challenging market conditions due to the impact of the coronavirus and the uncertain speed of global economic recovery.
The extent to which those conditions would hurt its overall fiscal 2021 profitability was uncertain and made short-term forecasting extremely difficult, the company said in a statement.
As a result, Macquarie said it could not provide "meaningful" earnings guidance for the full year.
News: MQG Australia's Macquarie warns of 35% drop in first-half earnings
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