Macquarie Group has reported a 24% fall in annual profits due to challenging market conditions.
Net profit for the investment bank's financial year to March 2012 dropped to $A730 million, its lowest result in seven years, down from $A956 million the previous year.
However, the ABC reports the second half of the year was better: half-year net profit rose by more than 30% to $A425 million.
Total operating income fell 9% to nearly $A7 billion due to a fall in income from fees and commissions as trading volumes declined amid global financial volatility. Operating expenses rose.
Investors will receive a final dividend payout of 75 cents per share, unfranked.
At 3pm (AEST) on Friday, Macquarie Group shares were 3.3% higher at $A29.38.
