MQGPE News: Macquarie annual profit slumps as commodity windfall fades; shares down - 3rd May 2024, 8:18am

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(Reuters) - Australia's Macquarie Group posted a 32% drop in its full-year profit on Friday due to weaker performance across its commodities, global markets and asset management businesses.

The financial conglomerate's profit attributable for the year ended March 31 came in at A$3.52 billion ($2.31 billion), compared with A$5.18 billion a year ago. That was largely in line with a Visible Alpha consensus of A$3.51 billion, according to UBS.

($1 = 1.5228 Australian dollars)

(Reporting by Sameer...

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