Macquarie earnings hit by M&A slump

06 November 2020 - 12:00 am UTC

Macquarie Group today reported its first-half earnings, showing its infrastructure and investment banking arms weighed down by slowing M&A completion rates.

Net profit for Macquarie Asset Management (MAM), the division that Macquarie Infrastructure and Real Assets (MIRA) is a part of, dropped 5% on year in the six months through September to AUD 1.06bn (USD 770m), but rose 1% compared with the end of its previous financial year on 30 March. 

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