/KASE, November 11, 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 dated November 10, 2020:
quote
Freedom Holding Corp. (hereinafter - the "Holding") reports its financial results
for the second quarter of fiscal year 2021, which ended September 30, 2020.
The main figures for this period:
1) For the three months ended 30 September 2020 and 2019, the Holding's revenue
was $69.7 million and $33.0 million, respectively. The increase of $36.7 million,
or 111%, was mainly due to a 106% increase in fee and commission income for the
second quarter, or $27.9 million, from $26.4 million to $54.3 million.
2) The Holding's expenses increased by $20.1 million, or 93%, for the following
reasons:
a) Commission expenses increased by $15.5 million due to an increase in the
number of clients and the volume of their transactions;
b) Interest expenses increased by $2.0 million, mainly due to the growth of
interest expenses on client balances on bank and broker accounts and interest
expenses on debt securities issued;
c) An increase in operating expenses of $1.5 million mainly due to general
administrative expenses resulting from expansion of operations and opening of
branches.
3) For the three months ended 30 September 2020 and 2019:
- net profit of the Holding was $23.6 million and $8.6 million, respectively;
- earnings per share of the Holding calculated on the basis of the weighted
average number of 58 million shares, were $0.40 and $0.15, respectively;
- other comprehensive income was $12.8 million and $6.7 million, respectively.
4) Assets and liabilities of the Holding decreased by $93.0 million and $106.2
million, respectively.
unquote
Full version of the press release is available at
https://kase.kz/files/emitters/US_FRHC/us_frhc_reliz_101120_1.pdf
[2020-11-11]