3 May 2013

Full year net profit lifted by Macquarie

12:57 pm on 3 May 2013

Macquarie Group has reported a full year net profit of $A851 million, up 17%.

Macquarie reported net profit of $851 million for the 12 months to March 31, 2013, up from $730 million in the prior year.

AAP reports net operating income for fiscal 2013 fell 4% to $A6.7 billion. Total operating expenses fell 10% to $A5.295 billion.

"Global market conditions generally improved during the year to 31 March 2013 which, together with strong cost control across the group, led to the improved result," chief executive Nicholas Moore said in a statement on Friday.

"Client activity remained subdued for Macquarie's capital markets facing businesses and affected the performance of some groups."

The company declared a final dividend of $1.25 per share, 40 per cent franked.