February 10, 2020 / 9:42 PM / 16 days ago

Australian Macquarie Group's profit from core business rises in third quarter

Feb 11 (Reuters) - Australian investment bank Macquarie Group said on Tuesday profit contribution of its funds management business in the third quarter was higher than a year earlier.

In a limited quarterly update, Macquarie said nine-month earnings from its funds management business, which contributes more than a third to its profit, rose on increased base and performance fees. (Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Vinay Dwivedi)

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