/KASE, August 7, 2023/ – Freedom Holding Corp. (USA), whose shares are
officially listed on Kazakhstan Stock Exchange (KASE), has provided the KASE
with the following press release dated August 4, 2023:
quote
During the reporting period, the holding earned $795.7 million, which is $105.9
million (+15%) more than in fiscal 2022 revenue of $689.8 million. A number of
positive factors contributed to the growth in profit.
Interest income increased from $121.6 million to $294.7 million (+142%). The
increase in this indicator by $173.1 million is due to the increase in the loan
and trading portfolios and the expansion of the share of bonds in the latter.
There is an increase in interest income on margin loans due to more active use
by customers.
The change in revenue was also supported by a $48.4 million increase in net
income from foreign exchange operations due to the strengthening of the activity
of a subsidiary of Freedom Bank holding in buying and selling foreign currency.
The positive dynamics was also influenced by the increase in income from
insurance services from $73 million to $115.4 million. The increase in profit
by $42.4 million (+58%) was due to the expansion of the holding's activities in
this direction.
unquote
The full version of the press release is available on –
https://kase.kz/files/emitters/FRHC_KZ/frhc_kz_relizs_040823.pdf
[2023-08-07]