Macquarie Group has posted a net profit after tax of $1.07 billion for the half-year ending 30 September – up 58 per cent from the same period last year.
In a statement, Macquarie Group managing director and chief executive Nicholas Moore said all operating groups delivered net profit contributions up from last year's corresponding half-year.
In addition, the company's annuity-style businesses – Macquarie Asset Management, Corporate and Asset Finance and Banking and Financial Services – continued to perform well, the report said, with a combined net profit contribution up 38 per cent on last year.
Further, Macquarie's assets under management grew 4 per cent since March 2015, clocking in at $504 billion as of the end of September.
"The group remains well-positioned, with a strong and diverse global platform and specialist skills across a range of products and asset classes," Mr Moore said.
"All of this is built on the foundation of a strong balance sheet, surplus capital, a robust capability and funding position and a conservative approach to risk management."
Looking towards the next fiscal year's results, Macquarie believes the combined net profit contribution from operating groups for the year ending 31 March 2016 will be up over the year before.
Macquarie's outlook remains subject to a range of challenges, including market conditions, the impact of foreign exchange, the cost of its continued conservative approach to funding and capital and potential regulatory changes and tax uncertainties.
"Macquarie remains well-positioned to deliver superior performance in the medium term due to its deep expertise in major markets, strength in diversity and ability to adapt our portfolio mix to changing market conditions, the ongoing benefits of continued cost initiatives, a strong and conservative balance sheet and a proven risk management framework and culture," Mr Moore said.
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