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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND STATEMENTS OF OTHER COMPREHENSIVE INCOME (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Revenue:        
Fee and commission income $ 74,333,000 $ 20,583,000 $ 171,949,000 $ 69,538,000
Net gain on trading securities 18,944,000 6,448,000 36,330,000 12,957,000
Interest income 7,374,000 3,063,000 16,571,000 8,999,000
Net (loss)/gain on foreign exchange operations (1,413,000) (1,080,000) 1,359,000 (241,000)
Net gain on derivatives 995,000 556,000 149,000 556,000
TOTAL REVENUE, NET 100,233,000 29,570,000 226,358,000 91,809,000
Expense:        
Interest expense 6,649,000 2,713,000 15,092,000 8,614,000
Fee and commission expense 20,278,000 5,525,000 50,068,000 14,068,000
Operating expense 21,921,000 17,062,000 52,214,000 44,576,000
Provision/(recovery) for impairment losses 1,109,000 152,000 1,775,000 (1,316,000)
Other expense, net 244,000 118,000 149,000 675,000
TOTAL EXPENSE 50,201,000 25,570,000 119,298,000 66,617,000
NET INCOME BEFORE INCOME TAX 50,032,000 4,000,000 107,060,000 25,192,000
Income tax (expense)/benefit (7,711,000) 50,000 (16,900,000) (4,292,000)
NET INCOME 42,321,000 4,050,000 90,160,000 20,900,000
Less: Net (loss)/income attributable to noncontrolling interest in subsidiary (53,000) (991,000) 243,000 (1,120,000)
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS 42,374,000 5,041,000 89,917,000 22,020,000
OTHER COMPREHENSIVE INCOME/(LOSS)        
Change in unrealized gain/(loss) on available-for-sale securities, net of tax effect 0 (1,000) 0 26,000
Reclassification adjustment relating to available-for-sale securities disposed of in the period, net of tax effect 0 0 71,000 0
Foreign currency translation adjustments, net of tax effect 6,851,000 2,841,000 4,565,000 1,408,000
COMPREHENSIVE INCOME BEFORE NONCONTROLLING INTERESTS 49,172,000 6,890,000 94,796,000 22,334,000
Less: Comprehensive (loss)/income attributable to noncontrolling interest in subsidiary (53,000) (991,000) 243,000 (1,120,000)
COMPREHENSIVE INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 49,225,000 $ 7,881,000 $ 94,553,000 $ 23,454,000
BASIC NET INCOME PER COMMON SHARE $ 0.72 $ 0.07 $ 1.54 $ 0.36
DILUTED NET INCOME PER COMMON SHARE $ 0.72 $ 0.07 $ 1.54 $ 0.36
Weighted average number of shares (basic) 58,395,606 58,158,864 58,370,521 58,116,825
Weighted average number of shares (diluted) 58,450,688 58,391,547 58,423,467 58,335,749

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