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Macquarie profit jumps 56computer to $four.7b

Macquarie Group has lifted full-year profit by 56 per cent to $4.71 billion but says it will maintain a cautious approach in view of market volatility, global inflation and interest rates.

Net profit from the Macquarie Capital unit surged to $2.4 billion from $651 million in fiscal 2021 while net profit from its commodities and global markets unit jumped 50 per cent to $3.91 billion.

International income accounted for 75 per cent of the group’s total income for the 12 months to March 31.

Assets under management rose 37 per cent to $774.8 billion as at March 31.

Macquarie Group lifted its partially franked final dividend to $3.50 a share, taking full-year dividend to a combined $6.22 a share.

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