Macquarie First-Half Profit Rises 50%, Beats Expectations
Macquarie reported a 50% increase in first-half profit, with commodity-related earnings surging 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…