/KASE, August 10, 2021/ – Freedom Holding Corp. (Salt Lake City), whose
shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided
KASE with a press release dated August 9, 2021:
Freedom Holding Corp. (hereinafter referred to as the "Holding") reports
financial results for the first quarter of fiscal 2022 ended June 30, 2021.
Key indicators for the specified period:
1. For the three months ended June 30, 2021 and 2020, the Holding's revenue
made $ 124 million and $ 56 million, respectively. The increase by $ 68 million,
or 120%, was mainly due to an increase in commission income for the quarter by
125%, or $ 54 million, from $ 43 million to $ 97 million, and also due to an
increase in interest income by 325%, or $ 14 million, from $ 4 million to $ 18
million.
2. The expenses of the Holding increased by $ 39 million, or 142%, for the
following reasons:
a) an increase in commission expenses by $ 12 million was due to an increase in
the number of clients and the volume of transactions they make;
b) an increase in interest expenses by $ 11 million was mainly due to an
increase in interest expenses on customer balances in bank accounts, an
increase in expenses related to short-term financing attracted through
repurchase agreements on securities;
c) an increase in operating expenses by $ 16 million was mainly due to an
increase in salary costs as a result of the expansion of the Holding's
activities through acquisitions and hiring employees.
3. For the three months ended June 30, 2021 and 2020:
a) the net profit of the Holding amounted to $ 52 million and $ 24 million,
respectively;
b) earnings per share of the Holding, calculated on the basis of the weighted
average number of shares of 59 and 58 million shares, amounted to $ 0.87 and $
0.42, respectively;
c) other comprehensive income was $ 55 million and $ 33 million, respectively.
4. During the three months ended June 30, 2021, the assets and liabilities of
the Holding increased by $ 109 million and $ 52 million, respectively.
The full version of the press release is available on KASE website at -
https://kase.kz/files/emitters/US_FRHC/us_frhc_reliz_090821_1.pdf
[2021-08-10]