Macquarie Banking and Financial Services Group (BFS) has announced a net profit of $137 million for the first half of 2011 – a result similar to the previous two half-years.

The company says BFS global client numbers are up 10% on the previous corresponding period, with 1.1 million now on the books. The largest gain in this area was felt from March onwards, growing 6% during that time.

Macquarie Life Insurance reached $100 million in inforce risk insurance premiums during the half.

Profit has remained stable despite volatility in the advised and intermediary businesses and challenging conditions for non-cash products.

Macquarie says the next 12 months BFS will produce similar.