v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND STATEMENTS OF OTHER COMPREHENSIVE INCOME (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue:        
Fee and commission income $ 54,277,000 $ 26,363,000 $ 97,616,000 $ 48,955,000
Net gain on trading securities 8,302,000 3,947,000 17,386,000 6,509,000
Interest income 4,948,000 1,805,000 9,197,000 5,936,000
Net gain on foreign exchange operations 3,020,000 875,000 2,772,000 839,000
Net (loss) on derivative assets (837,000) 0 (846,000) 0
TOTAL REVENUE, NET 69,710,000 32,990,000 126,125,000 62,239,000
Expense:        
Interest expense 4,699,000 2,737,000 8,443,000 5,901,000
Fee and commission expense 20,021,000 4,512,000 29,790,000 8,543,000
Operating expense 15,867,000 14,385,000 30,293,000 27,514,000
Provision/(recovery) for impairment losses 1,044,000 (395,000) 666,000 (1,468,000)
Other (income)/expense, net (68,000) 249,000 (95,000) 557,000
TOTAL EXPENSE 41,563,000 21,488,000 69,097,000 41,047
NET INCOME BEFORE INCOME TAX 28,147,000 11,502,000 57,028,000 21,192,000
Income tax expense (4,584,000) (2,866,000) (9,189,000) (4,342,000)
NET INCOME 23,563,000 8,636,000 47,839,000 16,850,000
Less: Net income/(loss) attributable to noncontrolling interest in subsidiary (127,000) (129,000) 296,000 (129,000)
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS 23,690,000 8,765,000 47,543,000 16,979,000
OTHER COMPREHENSIVE INCOME/(LOSS)        
Change in unrealized gain on available-for-sale securities, net of tax effect 0 27,000 0 27,000
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 (10,919,000) (2,076,000) (2,286,000) (1,433,000)
COMPREHENSIVE INCOME BEFORE NONCONTROLLING INTERESTS 12,644,000 6,587,000 45,624,000 15,444,000
Less: Comprehensive income/(loss) attributable to noncontrolling interest in subsidiary (127,000) (129,000) 296,000 (129,000)
COMPREHENSIVE INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 12,771,000 $ 6,716,000 $ 45,328,000 $ 15,573,000
BASIC NET INCOME PER COMMON SHARE $ 0.40 $ 0.15 $ 0.82 $ 0.29
DILUTED NET INCOME PER COMMON SHARE $ 0.40 $ 0.15 $ 0.82 $ 0.29
Weighted average number of shares (basic) 58,358,212 58,093,212 58,358,212 58,073,157
Weighted average number of shares (diluted) 58,462,138 58,309,147 58,460,058 58,280,178

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