Annual report pursuant to Section 13 and 15(d)

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

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CONSOLIDATED STATEMENTS OF OPERATIONS AND STATEMENTS OF OTHER COMPREHENSIVE INCOME/(LOSS) (Unaudited) - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenue:    
Fee and commission income $ 44,316  
Net gain on trading securities 20,162  
Interest income 13,925  
Net gain on derivatives 0  
Net (loss)/gain on foreign exchange operations (4,118)  
TOTAL REVENUE, NET 74,285  
Expense:    
Interest expense 14,649  
Fee and commission expense 6,238  
Operating expense 43,134  
Provision for impairment losses 1,498  
Other expense/(income), net 236  
Loss from disposal of subsidiary 15  
TOTAL EXPENSE 65,770  
NET INCOME BEFORE INCOME TAX 8,515  
Income tax expense (1,368)  
NET INCOME 7,147  
OTHER COMPREHENSIVE INCOME/(LOSS)    
Change in unrealized gain on investments available-for-sale, net of tax effect 0  
Reclassification adjustment relating to available-for-sale investments disposed of in the period, net of tax effect 22  
Foreign currency translation adjustments, net of tax (15,517)  
COMPREHENSIVE INCOME/(LOSS) $ (8,348)  
BASIC NET INCOME PER COMMON SHARE $ 0.12  
DILUTED NET INCOME PER COMMON SHARE $ 0.12  
Weighted average number of shares (basic) 58,037,102  
Weighted average number of shares (diluted) 58,237,123  
(Recast)    
Revenue:    
Fee and commission income   $ 12,174
Net gain on trading securities   34,227
Interest income   8,835
Net gain on derivatives   643
Net (loss)/gain on foreign exchange operations   1,878
TOTAL REVENUE, NET   57,757
Expense:    
Interest expense   14,735
Fee and commission expense   2,288
Operating expense   21,700
Provision for impairment losses   423
Other expense/(income), net   (4)
Loss from disposal of subsidiary   0
TOTAL EXPENSE   39,142
NET INCOME BEFORE INCOME TAX   18,615
Income tax expense   (418)
NET INCOME   18,197
OTHER COMPREHENSIVE INCOME/(LOSS)    
Change in unrealized gain on investments available-for-sale, net of tax effect   (76)
Reclassification adjustment relating to available-for-sale investments disposed of in the period, net of tax effect   54
Foreign currency translation adjustments, net of tax   (598)
COMPREHENSIVE INCOME/(LOSS)   $ 17,577
BASIC NET INCOME PER COMMON SHARE   $ 0.55
DILUTED NET INCOME PER COMMON SHARE   $ 0.54
Weighted average number of shares (basic)   33,249,013
Weighted average number of shares (diluted)   33,393,877