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Australia's Macquarie projects record annual profit

Published 06/02/2018, 08:47 am
Updated 06/02/2018, 08:50 am
© Reuters.  Australia's Macquarie projects record annual profit
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Feb 6 (Reuters) - Australia's biggest investment bank, Macquarie Group Ltd MQG.AX , said on Tuesday it expects a record annual profit, adding that trading conditions across the group were "satisfactory" in the December quarter.

The bank said its nine-month earnings from annuity-style businesses were higher from the year-ago period, and that net profit for the year would be about 10 percent more than last year's record profit of A$2.2 billion ($1.73 billion). ($1 = 1.2689 Australian dollars)

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