Macquarie Reports 50% Jump in First-Half Profit
Macquarie said first-half net profit rose 50%, beating expectations, as commodity-related earnings surged amid increased market volatility.
By Stuart CondieSYDNEY--Macquarie reported a larger-than-expected 50% rise in first-half profit, as the Australian financial group's commodity related earnings surged on increased market volatility.Macquarie, known locally as The Millionaires' Factory, on Friday reported a net profit for the six mo…