Macquarie posts best annual profit ever, lifts dividend by 21 pct

May 5, 2016 10:19 PM

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SYDNEY May 6 Australia's top investment bank Macquarie Group on Friday posted a 29 percent jump in annual profit to a record, helped by growth in its annuity-style businesses such as wealth management, and lifted final dividends by 21 percent.

Net profit rose to A$2.06 billion ($1.54 billion) from A$1.6 billion a year ago, narrowly beating analysts' estimate of A$2.04 billion. It unveiled a final dividend of A$4 per share, its best ever.

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