Macquarie posts largely flat nine-month profit

Reuters
11 Feb
<a href="https://laohu8.com/S/MQG.AU">Macquarie</a> posts largely flat nine-month profit

Feb 11 (Reuters) - Australia's Macquarie MQG.AX said on Tuesday its nine-month profit was broadly in line with the year earlier, as weakness in its market-facing businesses countered growth in its annuity-style businesses.

The country's largest asset manager, which does not disclose profit figures in quarterly updates, said higher performance fees and investment income led to profit growth in its key asset management arm.

(Reporting by Himanshi Akhand and Aaditya Govind Rao in Bengaluru; Editing by Shilpi Majumdar)

((Himanshi.Akhand@thomsonreuters.comAaditya.govindrao@thomsonreuters.com;))

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