Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Revenue:    
Fee and commission income $ 2,855 $ 495
Net gain/(loss) on trading securities 7,009 (281)
Interest income 2,584 737
Net gain on derivative 490 0
Net gain on foreign exchange operations 617 90
TOTAL REVENUE 13,555 1,041
Expense:    
Interest expense 1,987 570
Fee and commission expense 238 64
Operating expense 2,911 2,057
Other expense, net 78 48
TOTAL EXPENSE 5,214 2,739
NET INCOME/(LOSS) BEFORE INCOME TAX 8,341 (1,698)
Income tax benefit 31 463
NET INCOME/(LOSS) BEFORE NONCONTROLLING INTERESTS 8,372 (1,235)
Less: Net income attributable to noncontrolling interest in subsidiary 0 7
NET INCOME/(LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS 8,372 (1,242)
OTHER COMPREHENSIVE INCOME/(LOSS)    
Change in unrealized gain on investments available-for-sale, net of tax effect 0 3
Foreign currency translation adjustments, net of tax (1,758) 1,038
COMPREHENSIVE INCOME/(LOSS) BEFORE NONCONTROLLING INTERESTS 6,614 (201)
Less: Comprehensive income attributable to noncontrolling interest in subsidiary 0 7
COMPREHENSIVE INCOME/(LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 6,614 $ (208)
BASIC AND DILUTED NET INCOME/ (LOSS) PER COMMON SHARE $ 0.03 $ (0.00)
Weighted average shares outstanding 282,643,429 280,339,467