(Reuters) -Australia’s Macquarie posted a nearly 5% rise in its full-year profit on Friday, fuelled by strong performance of its asset management and banking segments.
The company’s asset management division saw annual net profit surge 33% to A$1.61 billion ($1.03 billion), lifted by higher performance fees and a gain from the sale of its Rotorcraft helicopter leasing unit.
The banking and financial services arm logged an 11% profit rise to A$1.38 billion, lifted by loan and deposit growth and lower costs from a streamlined, digitised workforce.
Macquarie, Australia’s biggest investment bank by assets, posted A$3.72 billion in profit attributable for the year ended March 31, compared with A$3.52 billion a year ago. That was slightly higher than a Visible Alpha consensus of A$3.70 billion.
It declared a final dividend of A$3.90 per share, a tad higher than A$3.85 per share last year.
($1 = 1.5630 Australian dollars)
(Reporting by Roshan Thomas in Bengaluru; Editing by Leroy Leo)