Updated October 30, 2015 10:34:44 Investment banking firm Macquarie Group has reported a record half-year profit of $1.07 billion. The company's net profit rose 58 per cent during the six months to the end of September, compared to the same period a year ago. The result is better than Macquarie's own forecasts from earlier this month, of a $1.05 billion half-year profit. In a statement, Macquarie said the strong earnings were driven by improved trading conditions, foreign exchange gains and higher performance fees. Analysts said the Macquarie Group could now deliver a $2 billion full-year profit. Topics: company-news, banking, consumer-finance, australia First posted October 30, 2015 09:47:39
M - Bank reported net profit of AUD 1.07bn ( $ 100 m ) , up 58 % , driven by higher fee fees and better financial market activity .