Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS AND STATEMENTS OF OTHER COMPREHENSIVE INCOME

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CONSOLIDATED STATEMENTS OF OPERATIONS AND STATEMENTS OF OTHER COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2020
Revenue:      
Fee and commission income $ 431,938 $ 271,939 $ 92,668
Net gain on trading securities 77,671 46,186 14,923
Interest income 91,801 30,873 12,134
Net (loss)/gain on foreign exchange operations (37,693) 3,428 2,315
Net gain/(loss) on derivatives 946 125 (138)
TOTAL REVENUE, NET 564,663 352,551 121,902
Expense:      
Fee and commission expense 81,231 73,100 21,936
Interest expense 75,899 27,366 12,399
Operating expense 161,593 77,434 59,990
Provision for impairment losses/(recoveries) 2,985 1,561 (1,164)
Other expense, net 6,061 68 609
TOTAL EXPENSE 327,769 179,529 93,770
NET INCOME BEFORE INCOME TAX 236,894 173,022 28,132
Income tax expense (25,525) (30,098) (6,002)
NET INCOME 211,369 142,924 22,130
Less: Net (loss)/income attributable to non-controlling interest in subsidiary (6,566) 631 (2,707)
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS 217,935 142,293 24,837
OTHER COMPREHENSIVE INCOME      
Change in unrealized gain on investments available-for-sale, net of tax effect 0 0 (71)
Reclassification adjustment relating to available-for-sale investments disposed of in the period, net of tax effect 0 71 0
Foreign currency translation adjustments, net of tax effect (17,245) 1,857 (14,851)
COMPREHENSIVE INCOME BEFORE NON-CONTROLLING INTERESTS 194,124 144,852 7,208
Less: Comprehensive (loss)/income attributable to non-controlling interest in subsidiary (6,566) 631 (2,707)
COMPREHENSIVE INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 200,690 $ 144,221 $ 9,915
BASIC NET INCOME PER COMMON SHARE (In US Dollars) $ 3.56 $ 2.45 $ 0.38
DILUTED NET INCOME PER COMMON SHARE (In US Dollars) $ 3.56 $ 2.45 $ 0.38
Weighted average number of shares, basic (in shares) 59,378,207 58,388,445 58,163,691
Weighted average number of shares, diluted (in shares) 59,378,207 58,442,921 58,251,588