Fund fees boost Macquarie annual profit


  • Business
  • Wednesday, 14 May 2003

SYDNEY: Australia’s Macquarie Bank Ltd reported a 33% jump in annual earnings and declared a special dividend yesterday as fees from specialist funds helped it outperform other investment banks and weak stock markets. 

Macquarie, which specialises in property and infrastructure funds, also said it expected continued revenue and earnings growth this year and remained focused on international expansion. 

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