Annual report pursuant to Section 13 and 15(d)

28. Reverse Stock Split

v3.8.0.1
28. Reverse Stock Split
 12 Months Ended
Mar. 31, 2018
Reverse Stock Split  
Reverse Stock Split

On September 6, 2017, the Company effected a one-share-for-twenty-five-shares reverse stock split of its common stock. All share and earnings per share information has been retroactively adjusted to reflect the stock split. The effect of this stock split on the Company’s earnings per share is as follows:

 

   

Year ended

March 31,

2018

    

Year ended

March 31,

2017

(Recast)

  
             
Basic and diluted net income per common share:            
             
Net income before noncontrolling interests   $ 19,233     $ 6,296  
                 
Net income per common share - basic (in US dollars)   $ 0.58     $ 0.56  
Net income per common share - diluted (in US dollars)   $ 0.58     $ 0.56  
                 
Shares used in the calculation of net income per common share:                
Basic     33,249,013       11,213,926  
Diluted     33,393,877       11,213,926