Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS OF OTHER COMPREHENSIVE INCOME (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS OF OTHER COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue:        
Fee and commission income $ 1,548   $ 4,403  
Net gain on trading securities 32,134   39,143  
Interest income 1,005   3,589  
Net loss on derivatives (670)   (180)  
Net (loss)/gain on sale of fixed assets (9)   (8)  
Net gain on foreign exchange operations 934   1,551  
TOTAL REVENUE 34,942   48,498  
Expense:        
Interest expense 3,022   5,009  
Fee and commission expense 437   675  
Operating expense 2,918   5,829  
Other (income)/expense, net (53)   26  
TOTAL EXPENSE 6,324   11,539  
NET INCOME BEFORE INCOME TAX 28,618   36,959  
Income tax (expense)/benefit (1,018)   (987)  
NET INCOME BEFORE NONCONTROLLING INTERESTS 27,600   35,972  
Less: Net income attributable to noncontrolling interest in subsidiary 0   0  
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS 27,600   35,972  
OTHER COMPREHENSIVE INCOME        
Change in unrealized gain on investments available-for-sale, net of tax effect 0   0  
Foreign currency translation adjustments, net of tax (2,618)   (4,376)  
COMPREHENSIVE INCOME BEFORE NONCONTROLLING INTERESTS 24,982   31,596  
Less: Comprehensive income attributable to noncontrolling interest in subsidiary 0   0  
COMPREHENSIVE INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 24,982   $ 31,596  
BASIC AND DILUTED NET INCOME PER COMMON SHARE $ 1.22   $ 2.12  
Weighted average shares outstanding 22,536,534   16,951,994  
(Recast)        
Revenue:        
Fee and commission income [1]   $ 898   $ 1,393
Net gain on trading securities [1]   3,700   3,419
Interest income [1]   249   986
Net loss on derivatives [1]   0   0
Net (loss)/gain on sale of fixed assets [1]   28   28
Net gain on foreign exchange operations [1]   344   434
TOTAL REVENUE [1]   5,219   6,260
Expense:        
Interest expense [1]   782   1,352
Fee and commission expense [1]   70   134
Operating expense [1]   2,034   4,091
Other (income)/expense, net [1]   79   127
TOTAL EXPENSE [1]   2,965   5,704
NET INCOME BEFORE INCOME TAX [1]   2,254   556
Income tax (expense)/benefit [1]   84   547
NET INCOME BEFORE NONCONTROLLING INTERESTS   2,338   1,103
Less: Net income attributable to noncontrolling interest in subsidiary [1]   0   7
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS [1]   2,338   1,096
OTHER COMPREHENSIVE INCOME        
Change in unrealized gain on investments available-for-sale, net of tax effect [1]   3   6
Foreign currency translation adjustments, net of tax [1]   434   1,481
COMPREHENSIVE INCOME BEFORE NONCONTROLLING INTERESTS [1]   2,775   2,590
Less: Comprehensive income attributable to noncontrolling interest in subsidiary [1]   0   7
COMPREHENSIVE INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS [1]   $ 2,775   $ 2,583
BASIC AND DILUTED NET INCOME PER COMMON SHARE [1]   $ 0.21   $ 0.10
Weighted average shares outstanding [1]   11,213,926   11,213,926
[1] See Notes 1 and 3 for information regarding recast amounts and basis of financial statement presentation.