v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND STATEMENTS OF OTHER COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue:        
Fee and commission income $ 93,123 $ 95,215 $ 187,483 $ 174,431
Net gain on trading securities 9,005 181,603 13,439 190,285
Net realized gain/(loss) on investments available for sale 716 (622) 123 (653)
Interest income 49,033 24,429 92,682 45,566
Insurance underwriting income 26,200 16,022 50,440 30,098
Net gain on foreign exchange operations 4,555 1,508 9,148 2,716
Net loss on derivative (2,320) (656) (1,054) (715)
Total revenue, net 180,312 317,499 352,261 441,728
Expense:        
Fee and commission expense 18,439 22,651 41,754 43,844
Interest expense 40,863 16,716 80,934 30,962
Insurance claims incurred, net of reinsurance 17,475 13,513 34,167 24,809
Operating expense 37,760 21,770 75,759 41,191
Provision for impairment losses 3,726 978 6,154 1,245
Other expense/(income), net 192 786 (368) 795
TOTAL EXPENSE 118,455 76,414 238,400 142,846
INCOME BEFORE INCOME TAX 61,857 241,085 113,861 298,882
Income tax expense (12,619) (32,094) (21,498) (37,220)
INCOME FROM CONTINUING OPERATIONS 49,238 208,991 92,363 261,662
Income/(loss) before income tax (expense)/benefit of discontinued operations (including loss on disposal of $41,464, see Note 25) (18,302) (2,779) 800 458
Income tax (expense)/benefit of discontinued operations (3,724) 529 (6,880) (9)
Income/(loss) from discontinued operations 22,026 2,250 6,080 (449)
NET INCOME 27,212 206,741 86,283 262,111
Less: Net income/(loss) attributable to non-controlling interest in subsidiary 950 (20) (1,044) (72)
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS 26,262 206,761 87,327 262,183
OTHER COMPREHENSIVE INCOME        
Change in unrealized gain on investments available-for-sale, net of tax effect 1,477 (1,601) 2,343 (726)
Reclassification adjustment for net realized gain on available-for-sale investments disposed of in the period, net of tax effect (716) 622 (123) 653
Foreign currency translation adjustments, net of tax effect (16,663) 1,181 5,316 4,203
OTHER COMPREHENSIVE (LOSS)/ INCOME (15,902) 202 7,536 4,130
COMPREHENSIVE INCOME BEFORE NON-CONTROLLING INTERESTS 11,310 206,943 93,819 266,241
Less: Comprehensive loss attributable to non-controlling interest in subsidiary 950 (20) (1,043) (72)
COMPREHENSIVE INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 10,360 $ 206,963 $ 94,862 $ 266,313
EARNINGS PER COMMON SHARE (In U.S. dollars):        
Earnings per basic share (in USD per share) $ 0.82 $ 3.51 $ 1.59 $ 4.42
Earnings per diluted share (in USD per share) 0.81 3.51 1.57 4.42
Loss per share from discontinued operations per basic share (in USD per share) (0.38) (0.04) (0.10) 0.01
Loss per share from discontinued operations per diluted share (in USD per share) (0.37) (0.04) (0.10) 0.01
Earnings per common share-basic (in USD per share) 0.45 3.47 1.49 4.43
Earnings per common share- diluted (in USD per share) $ 0.44 $ 3.47 $ 1.46 $ 4.43
Weighted average number of shares, basic (in shares) 58,665,415,000 59,510,976,000 58,624,513,000 59,220,800,000
Weighted average number of shares, diluted (in shares) 59,518,473,000 59,510,976,000 59,678,513,000 59,220,800,000

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