Macquarie’s profit contribution from market-facing businesses rises

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(Reuters) – Australian financial conglomerate Macquarie Group (OTC:MQBKY) said on Thursday that volatility in gas and energy markets helped bolster its markets-facing businesses in the latest quarter.

The company, which does not disclose profit figures in quarterly updates, however, said it was maintaining a cautious stance, with a conservative approach to capital, funding and liquidity.