The results of Freedom Holding Corp. yearly report were released on June 14 on the Securities and Exchange Commission official website (sec.gov).
The net worth of the company amounted to $117,597,000, with the assets at $350,911,000.
Against the previous fiscal year (March 2018 - March 2019), Freedom Holding improved many of its metrics, including the earnings, which went up by 29% and reached $74.30M.
Other key figures include total client based, that exceeded 115,000, and total client assets that reached $1.30B.
Meanwhile, the commission earnings rose by over 260%, which is largely because of the increasing client base and new offices. FRHC interest earnings also increased because of more debt instruments added to the Holding's portfolio.
All Freedom Holding Corp. country branches reported positive results, with more presence in Russia, Ukraine, Kazakhstan, and Uzbekistan, and an official opening of an office in Germany.
Timur Turlov, Freedom Holding Corp. CEO, highlighted the following: "We worked very efficiently in 2018 and 2019, and achieved positive results across the board, which is largely thanks to the team. We built a very productive business model, which helps us work with more clients and boost Freedom Holding earnings. The management system we adopted is sure to become a basis for the further FRHC growth."
Freedom Holding Corp is an international holding providing investment services in 7 countries, including Germany, Russia, and Cyprus. Freedom Finance stocks are traded in OTCQX Best Market as FRHC. Based on 2018 results, FRHC was included in top 50 companies in OTCQX.