/KASE, August 12, 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 August 11, 2020:
quote
Freedom Holding Corp. (hereinafter referred to as "the Holding") reports its
financial results for the first quarter of 2021 fiscal year ended June 30, 2020.
The main figures for this period:
1) Revenues of $56.4 million increased 93%, or $27.2 million, compared to the
same period of 2020 fiscal year, mainly due to an increase in fee and commission
income by 92%, or 20.7 million, from $22.6 million to $43.3 million.
2) Expenditure increased by $7.9 million, or 41%, due to the increase in
commission income:
a) a $5.7 million increase in commission expenses due to an increase in the number
of clients and the volume of transactions;
b) an increase in operating expenses by $1.3 million, mainly due to general
administrative expenses resulting from expansion and opening of branches.
3) Net profit increased by $16 million to $24.3 million.
4) Earnings per share of $0.42, based on a weighted average number of 58 million
shares, increased by $0.28 compared to earnings per share of $0.14 for the first
quarter of 2020 fiscal year ended 30 June 2019.
5) Other comprehensive income of $33 million was $24.1 million lower than other
comprehensive expense of $8.9 million for the first quarter of 2020 fiscal year
ended 30 June 2019.
6) Assets and liabilities of the Holding at 30 June 2020 increased by $716 million
and $683 million, respectively, compared to 31 March 2020.
unquote
Full version of the press release is available at
https://kase.kz/files/emitters/US_FRHC/us_frhc_reliz_110820_1.pdf.
[2020-08-12]