Macquarie quarterly profit boosted by strong commodities business

Feb 7 (Reuters) – Australian financial conglomerate Macquarie Group Ltd on Tuesday said profit contribution from its market-facing business rose substantially in the third quarter due to strong demand for gas and power commodities.

The company, which does not disclose profit figures in quarterly updates, said strong results in commodities and global markets business partially offset the lower level of income in its capital business. (Reporting by Savyata Mishra and Roushni Nair in Bengaluru; Editing by Shailesh Kuber)