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BRIEF-Macquarie Group updates on FY17 outlook

Published 28/10/2016, 09:35 am
© Reuters.  BRIEF-Macquarie Group updates on FY17 outlook
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Oct 28 (Reuters) - Macquarie Group Ltd MQG.AX :

* Assets under management of $a493.1 billion at sep 16, up 3% from mar 16

* Annualised return on equity (roe) 14.6%, down from 15.8% in 1h16 and up from 13.7% in 2h16

* expects year ending 31 march 2017 (fy17) combined net profit contribution from operating groups to be broadly in line with year ended 31 march 2016

* Fy17 tax rate is currently expected to be broadly in line with fy16

* Group's result for fy17 is currently expected to be broadly in line with fy16

* bank group apra basel iii common equity tier 1 capital ratio was 10.4 per cent at 30 september 2016 Source text for Eikon: ID:nASX8BjLk3 Further company coverage: MQG.AX

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