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Macquarie is listed in Australia (ASX:MQG) and is regulated by APRA, the Australian banking regulator, as the owner of Macquarie Bank Limited, an authorised deposit taker. On 30 October 2009 Macquarie announced a net profit after tax for the half year to 30 September 2009 of A$479 million, an increase of 79% on the prior half and a decrease of 21% on the prior corresponding first half period. In 2010, however, as a result of subdued market conditions, Macquarie issued two profit downgrades in the space of three months, resulting in a sharp fall in the share price of the company. |
