Macquarie Bank has posted its fifteenth consecutive record profit for the year to March 31. The announcement of its $1.8 billion result came as chief executive Allan Moss departed, leaving his successor Nicholas Moore to tell investors that another record result next year is unlikely. Mr Moore said that while the bank is in a strong financial position market conditions had become a lot tougher so it would "be challenging to repeat last year's record performance, but this may be achievable". Despite earnings per share rising 13 per cent to $6.71 and a second-half dividend payment of $2 per share, the stock was down 7.5 per cent to close at $61.25 yesterday.
