Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND STATEMENTS OF OTHER COMPREHENSIVE INCOME/(LOSS) (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND STATEMENTS OF OTHER COMPREHENSIVE INCOME/(LOSS) (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue:        
Fee and commission income $ 12,786   $ 18,759  
Net gain on trading securities 4,317   1,028  
Interest income 1,474   8,847  
Net (loss) on derivatives 0   0  
Net gain/(loss) on foreign exchange operations (1,138)   (3,248)  
TOTAL REVENUE, NET 17,439   25,386  
Expense:        
Interest expense 3,678   8,291  
Fee and commission expense 968   1,733  
Operating expense 10,044   19,155  
Other expense/(income), net 405   351  
Loss from disposal of subsidiary 15   15  
TOTAL EXPENSE 15,110   29,545  
NET INCOME/(LOSS) BEFORE INCOME TAX 2,329   (4,159)  
Income tax benefit (614)   (464)  
NET INCOME/(LOSS) 1,715   (4,623)  
OTHER COMPREHENSIVE INCOME/(LOSS)        
Change in unrealized gain on investments available-for-sale, net of tax effect 0   0  
Reclassification adjustment relating to available-for-sale investments disposed of in the period, net of tax effect 0   22  
Foreign currency translation adjustments, net of tax effect (5,523)   (12,240)  
COMPREHENSIVE INCOME/(LOSS) $ (3,808)   $ (16,841)  
BASIC NET INCOME/(LOSS) PER COMMON SHARE (In US Dollars) $ 0.03   $ (0.08)  
DILUTED NET INCOME/(LOSS) PER COMMON SHARE (In US Dollars) $ 0.03   $ (0.08)  
Weighted average number of shares (basic) 58,033,212   58,033,212  
Weighted average number of shares (diluted) 58,213,477   58,213,728  
(Recast)        
Revenue:        
Fee and commission income [1]   $ 2,015   $ 5,072
Net gain on trading securities [1]   32,385   39,516
Interest income [1]   1,138   3,785
Net (loss) on derivatives [1]   (670)   (180)
Net gain/(loss) on foreign exchange operations [1]   956   1,615
TOTAL REVENUE, NET [1]   35,824   49,808
Expense:        
Interest expense [1]   3,183   5,213
Fee and commission expense [1]   503   792
Operating expense [1]   3,782   7,446
Other expense/(income), net [1]   (54)   (9)
Loss from disposal of subsidiary [1]   0   0
TOTAL EXPENSE [1]   7,414   13,442
NET INCOME/(LOSS) BEFORE INCOME TAX [1]   28,410   36,366
Income tax benefit [1]   (998)   (965)
NET INCOME/(LOSS) [1]   27,412   35,401
OTHER COMPREHENSIVE INCOME/(LOSS)        
Change in unrealized gain on investments available-for-sale, net of tax effect [1]   106   47
Reclassification adjustment relating to available-for-sale investments disposed of in the period, net of tax effect [1]   0   0
Foreign currency translation adjustments, net of tax effect [1]   8,918   6,750
COMPREHENSIVE INCOME/(LOSS) [1]   $ 36,436   $ 42,198
BASIC NET INCOME/(LOSS) PER COMMON SHARE (In US Dollars) [1]   $ 1.22   $ 2.09
DILUTED NET INCOME/(LOSS) PER COMMON SHARE (In US Dollars) [1]   $ 1.22   $ 2.09
Weighted average number of shares (basic) [1]   22,536,534   16,951,994
Weighted average number of shares (diluted) [1]   22,536,534   16,951,994
[1] See Notes 2 and 3 for information regarding recast amounts and basis of financial statement presentation.