Australia’s Macquarie Group sees FY profit up 15 pct

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Feb 12 (Reuters) – Australia’s largest investment bank Macquarie Group on Tuesday said it expects its full year profit to be 15 percent higher than a year ago.

The company also released third-quarter results in which it said the profit contribution of the company’s core “annuity-style businesses” in the quarter was slightly higher than a year ago. Macquarie’s common equity tier 1 capital ratio as at Dec. 31 was 10.8 percent. (Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Stephen Coates and David Gregorio)

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