/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:

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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.

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Full version of the press release is available at see more

[2020-11-11]