1 May 2010

Profit up at Macquarie Group

7:55 am on 1 May 2010

Macquarie Group has reported a rise of 21% in profit due to a recovery in market conditions and trading.

The ABC reports its full-year net profits rose to $A1.05 billion.

Chief executive Nicholas Moore said continuing uncertainty in global markets makes forecasting difficult.

However, "improved operating results" for all Macquarie's businesses were expected in the coming year.