"Extreme winter weather conditions in North America have significantly increased short-term client demand for Macquarie's capabilities in maintaining critical physical supply across the commodity complex," the company said in a statement.
SYDNEY: Australia's Macquarie Group Ltd said on Monday it expected its fiscal 2021 profit to be as much as 10% higher than the previous year, citing increased client demand for gas and power as a result of extreme winter conditions in North America.
Unusually cold weather in several U.S. states has led to days of electricity outages, with Texas particularly hard hit.
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