Annual report pursuant to Section 13 and 15(d)

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

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CONSOLIDATED STATEMENTS OF OPERATIONS AND STATEMENTS OF OTHER COMPREHENSIVE INCOME/(LOSS) - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenue:    
Fee and commission income $ 92,668 $ 44,316
Net gain on trading securities 14,923 20,162
Interest income 12,134 13,925
Net loss on derivatives (138) 0
Net gain/(loss) on foreign exchange operations 2,315 (4,118)
TOTAL REVENUE, NET 121,902 74,285
Expense:    
Interest expense 12,399 14,649
Fee and commission expense 21,936 6,238
Operating expense 59,990 43,134
Provision for impairment (recoveries)/losses (1,164) 1,498
Other expense, net 609 236
Loss from disposal of subsidiary 0 15
TOTAL EXPENSE 93,770 65,770
NET INCOME BEFORE INCOME TAX 28,132 8,515
Income tax expense (6,002) (1,368)
NET INCOME 22,130 7,147
Less: Net loss attributable to noncontrolling interest in subsidiary (2,707) 0
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS 24,837 7,147
OTHER COMPREHENSIVE INCOME/(LOSS)    
Change in unrealized gain on investments available-for-sale, net of tax effect (71) 0
Reclassification adjustment relating to available-for-sale investments disposed of in the period, net of tax effect 0 22
Foreign currency translation adjustments, net of tax (14,851) (15,517)
COMPREHENSIVE INCOME/(LOSS) BEFORE NONCONTROLLING INTERESTS 7,208 (8,348)
Less: Comprehensive loss attributable to noncontrolling interest in subsidiary (2,707) 0
COMPREHENSIVE INCOME/(LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 9,915 $ (8,348)
BASIC NET INCOME PER COMMON SHARE (IN US DOLLARS) $ 0.38 $ 0.12
DILUTED NET INCOME PER COMMON SHARE (IN US DOLLARS) $ 0.38 $ 0.12
Weighted average number of shares (basic) 58,163,691 58,037,102
Weighted average number of shares (diluted) 58,251,588 58,237,123