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Macquarie sees 29% surge in full-year net profit, ups dividend


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Macquarie sees 29% surge in full-year net profit, ups dividend

Macquarie GroupLtd. reported A$2.06 billion in net profit attributable to ordinaryequity holders for the fiscal year ended March 31, up 29% year over year from A$1.60billion.

Net profit for the fiscal second half totaled A$993 million,down 7.2% from the previous six-month period. Full-year EPS rose to A$6.001 fromA$4.842.

The company declared a final ordinary dividend of A$2.40 pershare for the fiscal year, up from A$2.00 for the previous year.

Dividends for fiscal 2015-2016 total A$4.00 per share, up fromA$3.30 per share for the previous year.

The company's full-year net operating income increased 9% yearover year to A$10.14 billion from A$9.26 billion the previous year, while totaloperating expenses grew to A$7.12 billion.

Combined net profit contributions from the annuity-style business,comprising asset management, corporate and asset finance, and banking and financialservices, increased 10% during the year, while combined net profit from operationsrelated to capital markets slid 3%.

The company's assets under management as of March 31 fell toA$478.6 billion from A$486.3 billion as of March 31, 2015.

Under local Basel III rules, the group's common equity Tier 1capital ratio was 10.7% as of March 31, and its Tier 1 capital ratio was 11.8%.

Based on the Basel Committee on Banking Supervision's guidelines,the company's harmonized CET1 ratio was 12.5% and its harmonized Tier 1 ratio was13.6%.

As of May 5, US$1 was equivalentto A$1.34.