Economy

Stocksak: Macquarie Group’s interim profits rise by over 12%


© Stocksak. FILE PHOTO – The main entrance of Macquarie Group Ltd’s Sydney office, Australia, October 28, 2016, features the logo. REUTERS/David Gray/File Photo

(Stocksak), – Australia’s Macquarie Group, (OTC:) reported Friday a 12.8% increase on its first-half profit as volatility in oil-and-gas prices boosted its markets facing business.

The financial conglomerate’s six-month attributable profit was A$2.31 billion ($1.49 Billion) compared to A$2.04 billion reported last year. It beat the A$2.19 billion Refinitiv IBES estimate.

($1 = 1.5506 Australian dollars)

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