Macquarie Group Reported Half Year Results; $2.50 per share Dividend Announced

  • Nov 01, 2019 AEDT
  • Team Kalkine

Macquarie Group Limited (ASX: MQG) has reported interim results for the period ended 30 September 2019. MQG posted a net profit after tax attributable to ordinary shareholders of $1,457 million, which was 11% higher over pcp and 13% per cent lower in sequential terms.

  • Net operating income was 8% higher over pcp at $6,320 million.
  • Operating expenses were 9% higher over pcp at $4,480 million.
  • Announced interim ordinary dividend of $2.50 per share (40% franked)
  • Income tax expense was $376 million for the period, consistent with pcp.

By 1:19 PM AEST, MQG was trading at $131.5, down by 1.8% relative to the last close.

 

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