SYDNEY Feb 7 Macquarie Group Ltd,
Australia's top investment bank, on Tuesday reaffirmed guidance
for a flat full-year net profit, after reporting "satisfactory"
trading conditions in the quarter ended Dec. 31.
In a third-quarter trading update, the company said capital
markets businesses had contributed less profit during that
quarter than a year earlier because of subdued capital raising
activity and the timing of M&A transactions.
However, the annuity-style businesses reported a higher
profit in the quarter ended Dec. 31 than the prior year, the
Macquarie is expected to report a net profit of A$2.061
billion for the 12 months ended Mar. 31, in line with the
A$2.063 billion reported the prior year, according to the
average of 14 analysts polled by Thomson Reuters I/B/E/S.
(Reporting by Jamie Freed; Editing by Kevin Liffey)