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Macquarie’s profit could test record as it gains from energy volatility – By Clancy Yeates Source : smh Macquarie Group has signalled it is likely to at least get close to another record profit this year, and it may consider using some of its $12.5 billion in excess capital for acquisitions, after energy market volatility gave it a boost in late 2022. In a trading update on Tuesday, Macquarie said volatile energy and commodity markets had beefed up profits for the nine months to December, offsetting the weaker earnings in the investment heavyweight’s flagship asset management arm. Macquarie, which uses a March financial year, did not disclose its actual profits for the quarter, but it said commodities and global markets business had enjoyed a bumper December quarter, prompting analysts to lift earnings forecasts for the group. “Varied market conditions have resulted in a good quarter for the group reflecting the diversity ...

Feb 8, 2023 Posted by In Articles Tagged , , ,
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Macquarie Group announces $A4,706 million full-year profit Source:macquarie.com Key Points FY22 net profit of $A4,706 million, up 56% on FY21; 2H22 net profit of $A2,663 million, up 30% on 1H22, up 31% on 2H21 International income 75% of total income1 in FY22 Assets under management of $A774.8 billion at 31 March 2022, up 37% from 31 March 2021 Financial position comfortably exceeds regulatory minimum requirements Group capital surplus of $A10.7 billion2 Bank CET1 Level 2 ratio 11.5% (Harmonised: 14.6%3); Leverage ratio 5.0% (Harmonised: 5.6%3); LCR 175%4; NSFR 121%4 Return on equity 18.7%, compared with 14.3% in FY21  Final ordinary dividend of $A3.50 per share (40% franked), FY22 ordinary dividend of $A6.22 per share (40% franked), representing a 2H22 payout ratio of 50% and FY22 payout ratio of 50% Macquarie Group (ASX: MQG; ADR: MQBKY) today announced a net profit after tax attributable to ordinary shareholders of $A4,706 million for the year ...

May 6, 2022 Posted by In Articles Tagged , , , ,
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Australia’s $315k-a-week woman: How the daughter of migrants who arrived Down Under with $200 in their pockets became the nation’s highest-paid CEO-By CHARLIE COË Source:dailymail.co.uk Macquarie Group CEO Shemara Wikramanayake earned $16.39million in 2021 Guided Macquarie to profits of $1.3billion in the last three months of the year  Moved to Australia at age 14 with her family when they had $200 to their names She comes from a long line of highly-educated barristers and powerful figures A daughter of Sri Lankan immigrants who arrived in Australia with just $200 in their pockets now makes $315,000 a week as the nation’s highest-paid CEO. Macquarie Group chief executive Shemara Wikramanayake earned $16.39million in 2021, the bank announced in its latest report. Ms Wikramanayake guided Macquarie – dubbed the country’s ‘millionaire factory’ – to profits of $1.3billion in the last three months of the year.  In 2019, the 60-year-old was the first woman to become ...

Feb 12, 2022 Posted by In Articles Tagged ,
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Shemara Wikramanayake tops Australia’s highest-paid CEO list Source:adaderana.lk The boss of an Australian investment bank has topped the ranking of this year’s highest-paid chief executives, while Ruslan Kogan’s pay soared 1413%, after he took home $8.99 million. Shemara Wikramanayake, chief executive of Macquarie Group, received a reported pay of $15.97 million in the 12 months to June, according to The Australian Financial Review’s annual list. Compiled by OpenDirector, the pay survey revealed the country’s 50 highest-paid chief executives earned an average of $6.18 million last financial year. Chief executives of large ASX-listed e-commerce, supermarket, mining and metal recycling companies pocketed some of the biggest increases in reported pay. On average, the top 50 bosses received a pay rise of more than 20% compared to the previous year, which was underpinned by rising share prices. The S&P/ASX 200, an index comprised of the 200 largest ASX-listed stocks, increased 24% last financial ...

Dec 2, 2021 Posted by In Articles Tagged , , , , , , , ,
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