Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS AND STATEMENTS OF OTHER COMPREHENSIVE INCOME

v3.21.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND STATEMENTS OF OTHER COMPREHENSIVE INCOME - USD ($)
shares in Thousands
 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenue:    
Fee and commission income $ 271,939,000 $ 92,668,000
Net gain on trading securities 46,186,000 14,923,000
Interest income 30,873,000 12,134,000
Net gain on foreign exchange operations 3,428,000 2,315,000
Net gain/(loss) on derivatives 125,000 (138,000)
TOTAL REVENUE, NET 352,551,000 121,902,000
Expense:    
Fee and commission expense 73,100,000 21,936,000
Interest expense 27,366,000 12,399,000
Operating expense 77,434,000 59,990,000
Provision for impairment losses/(recoveries) 1,561,000 (1,164,000)
Other expense, net 68,000 609,000
TOTAL EXPENSE 179,529,000 93,770,000
NET INCOME BEFORE INCOME TAX 173,022,000 28,132,000
Income tax expense (30,098,000) (6,002,000)
NET INCOME 142,924,000 22,130,000
Less: Net income/(loss) attributable to noncontrolling interest in subsidiary 631,000 (2,707,000)
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS 142,293,000 24,837,000
OTHER COMPREHENSIVE INCOME/(LOSS)    
Change in unrealized gain on investments available-for-sale, net of tax effect 0 (71,000)
Reclassification adjustment relating to available-for-sale investments disposed of in the period, net of tax effect 71,000 0
Foreign currency translation adjustments, net of tax 1,857,000 (14,851,000)
COMPREHENSIVE INCOME BEFORE NONCONTROLLING INTERESTS 144,852,000 7,208,000
Less: Comprehensive income/(loss) attributable to noncontrolling interest in subsidiary 631,000 (2,707,000)
COMPREHENSIVE INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 144,221,000 $ 9,915,000
BASIC NET INCOME PER COMMON SHARE (In US Dollars) $ 2.45 $ 0.38
DILUTED NET INCOME PER COMMON SHARE (In US Dollars) $ 2.45 $ 0.38
Weighted average number of shares (basic) 58,388,445 58,163,691
Weighted average number of shares (diluted) 58,442,921 58,251,588