Overview
- Net profit for the six months to September 30 rose about 3% to roughly A$1.66–1.7 billion from A$1.61 billion a year earlier.
- The result fell short of a Visible Alpha consensus of A$1.86 billion, reflecting softer earnings in the commodities unit.
- Asset management posted a 43% profit increase on higher performance fees, while banking benefited from growth in home loans and deposits.
- The interim dividend was set at A$2.80 per share, up from A$2.60 a year earlier.
- Macquarie announced a further share buyback program of up to A$2 billion.