Macquarie predicts lower earnings and falls in managed assets

14 September 2020 - 12:00 am UTC

Macquarie Group has warned first-half earnings for its current 2021 financial year will fall by 35% compared to 1H 2020 and flagged a decline in the value of real assets it manages.

In an investor presentation to the Jefferies Asia Forum today, the global infrastructure investor also said net profit for the first half of the financial year ending in March 2021 would be 25% lower compared to the second half of FY2020.

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