/KASE, July 14, 2020/ – Freedom Holding Corp. (Salt Lake City), whose shares
are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE
with the following press release of July 14, 2020:
quote
Freedom Holding Corp. (hereinafter – the "Holding") announces financial results
for the 2020 fiscal year ended March 31, 2020.
Highlights of the mentioned period:
1) Revenue in the amount of $122 mln increased by 64%, or $47.6 mln, YoY,
mainly due to an increase in commissions revenues for the year by 109%, or
48.4 mln, from $44.3 million to $92.7 mln.
2) Expenses increased by $28 mln, or 43%, due to:
a) an increase in commission expenditures by $15.7 following rising client
numbers and amounts of transactions;
b) a $16.9 mln increase in operating expenses, mainly on general
administrative expenses as a result of expansion of operations and opening
of branches.
3) Net income grew by $15 mln, to $22 mln.
4) Earnings per share of $0.38, calculated based on the weighted average
number of shares of 58 million shares, increased by $0.26 compared with
earnings per share of $0.12 for the fiscal year 2019 ending March 31, 2019.
5) Other comprehensive income of $7.2 mln changed by $15.6 mln compared to
other total expenses of $8.3 mln for the fiscal year 2019 ending March 31,
2019.
6) The assets and liabilities of the Holding as of March 31, 2020 increased by
$102.6 mln and $91.2 mln, respectively, compared with March 31, 2019.
unquote
The full press release is available on KASE website at –
https://kase.kz/files/emitters/US_FRHC/us_frhc_reliz_140720_1.pdf
[2020-07-14]