Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND STATEMENTS OF OTHER COMPREHENSIVE INCOME/(LOSS) (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND STATEMENTS OF OTHER COMPREHENSIVE INCOME/(LOSS) (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Revenue:        
Fee and commission income $ 20,583 $ 12,274 $ 69,538 $ 31,033
Net gain on trading securities 6,448 11,641 12,957 12,669
Interest income 3,063 2,976 8,999 11,823
Net loss on foreign exchange operations (1,080) (498) (241) (3,746)
Net gain on derivatives 556 0 556 0
TOTAL REVENUE, NET 29,570 26,393 91,809 51,779
Expense:        
Interest expense 3,167 3,180 9,976 11,471
Fee and commission expense 5,525 1,422 14,068 3,155
Operating expense 16,608 12,117 43,214 31,272
(Recovery) provision for impairment losses 152 243 (1,316) 358
Other expense/(income), net 118 (14) 675 223
Loss from disposal of subsidiary 0 0 0 15
TOTAL EXPENSE 25,570 16,948 66,617 46,494
NET INCOME BEFORE INCOME TAX 4,000 9,445 25,192 5,285
Income tax benefit/ (expense) 50 (545) (4,292) (1,009)
NET INCOME 4,050 8,900 20,900 4,276
Less: Net loss attributable to noncontrolling interest in subsidiary (991) 0 (1,120) 0
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS 5,041 8,900 22,020 4,276
OTHER COMPREHENSIVE INCOME/(LOSS)        
Change in unrealized gain on available-for-sale securities, net of tax effect (1) 0 26 0
Reclassification adjustment relating to available-for-sale securities disposed of in the period, net of tax effect 0 0 0 22
Foreign currency translation adjustments, net of tax effect 2,841 (5,596) 1,408 (17,836)
COMPREHENSIVE INCOME/(LOSS) BEFORE NONCONTROLLING INTERESTS 6,890 3,304 22,334 (13,538)
Less: Comprehensive loss attributable to noncontrolling interest in subsidiary (991) 0 (1,120) 0
COMPREHENSIVE INCOME/(LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 7,881 $ 3,304 $ 23,454 $ (13,538)
BASIC NET INCOME PER COMMON SHARE $ .07 $ 0.15 $ .36 $ 0.07
DILUTED NET INCOME PER COMMON SHARE $ .07 $ 0.15 $ .36 $ 0.07
Weighted average number of shares (basic) 58,158,864 58,038,864 58,116,825 58,035,103
Weighted average number of shares (diluted) 58,391,547 58,248,924 58,335,749 58,225,549