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Macquarie Group's latest financial figures

Macquarie Group, the Australian bank that part owns the Steam Packet Company, has unveiled its latest set of financial figures after raising £265.5 million in capital.

Trading in the group's shares had been stopped while it ran a discounted share offer to raise the extra cash.

The figures show Macquarie Group's net profit after tax was just over £428 million, down 52% on last year's figure of £885 million.

Pay for the group's senior management slumped 91% in 2008.

The top twelve executives shared £5.6 million, well down on 2007's total of £61.3 million.

Macquarie owns ten per cent of the Steam Packet and manages the investment on behalf of three Australian pension funds which own the remaining 90 per cent.

 

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