/KASE, November 11, 2024/ – Freedom Holding Corp. (USA), whose shares are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with
the following press release:
quote
Freedom Holding Corp. (FRHC) reports results for the second quarter of fiscal
year 2025, which ended on September 30, 2024. The holding company's revenue
amounted to $580.9 million. Its growth of $145.3 million (+33%) was due to the
following factors:
- Insurance underwriting income increased from $58 million to $160.3 million
(+177%) primarily due to an increase in the number of pension annuity and
accident insurance contracts.
- Net gain on trading securities increased from $50.8 million to $68.3 million
(+35%) due to the sale of Kazakhstan's sovereign bonds. An unrealized net
gain of $65.9 million was also recognized for the same period, related to the
increase in the value of securities positions.
- Net foreign exchange income increased from a net loss of $3.7 million to a net
income of $6.5 million (+275%). This change was primarily driven by a $16.9
million foreign exchange gain, partially offset by a $10.4 million translation
loss, and a 78% increase in Freedom Bank's total foreign exchange trading
volume over the two quarters.
- Commission income increased to $121.1 million (+8%) mainly due to
brokerage services.
unquote
The complete press release is available at:
-
https://kase.kz/files/emitters/FRHC_KZ/frhc_kz_relizs_111124_kz.pdf – in
Kazakh;
-
https://kase.kz/files/emitters/FRHC_KZ/frhc_kz_relizs_081124_2024.pdf – in
Russian.
[2024-11-11]