Macquarie Group announced 13% increase in Net Profit; Shares up on ASX

Macquarie Group (ASX: MQG) announced 1H FY2023 results for the period ended 30 September 2022. During the period, the company’s net profit increased 13% to AU$2,305 million compared to 1H FY2022.

• Net operating income increased 11% to AU$8,641 million on pcp and down 9% on 2H FY2022.
• Operating expenses grew 11% on 1H FY2022 and decreased 2% on 2H FY2022.
• International income accounted for 72% of the Company’s total income.
• The income tax expense was AU$735 million. It wasAU$603 million in the previous corresponding period.
• Assets under management as on 30 September 2022 stood at AU$795.6 billion. It increased 3% from 31 March 2022 and up 8% from 30 September 2021.
• Interim ordinary dividend was AU$3.00 per share (40% franked). It represents a payout ratio of 50%.

At AEDT 12:14 PM, MQG shares are trading at AU$171.510, up 2.984% from the previous close. 

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au