Freedom Holding Corp (FRHC)

[Quintessence]

Timur Turlov on Instagram, with a great picture: There is an administrative commandment that a good top manager should be able to show off his achievements. And since I am a CEO already in an American public company, it’s time to tell you too, many of whom are our shareholders and partners about how we are doing and for which you all indirectly pay me a salary.

https://www.instagram.com/p/CCooHA-DP0E/

Freedom ($ FRHC) reported last fiscal year yesterday. The year is strange, it starts on April 1, and for us the FY2020 has already ended on March 31. Last fall, we entered NASDAQ, raised capital, received hundreds of new shareholders, including many of our customers and partners, and many global, cool names, such as Renaissance Technologies, Arrowstreet, BlackRock, FMR, Goldman Sachs, Frank Russel, Bank of America, Allianz, Credit Suisse, Morgan Stanley and others, according to open SEC data.

Last year, we opened offices, prepared M&A, launched new products and almost every day faced challenges one more difficult than the other. We learned to manage together a very large (under 2 thousand people) and dynamically growing team, challenges in security and IT, scaled our systems, parted with important team members and found new amazing talents. We took on a colossal responsibility to hundreds of thousands of customers and thousands of partners and partners, and really became a systemic player in our industry.

Despite the strict quarantine in the USA and all our countries, we managed the audit and received a clean opinion from the auditors, without any reservations about the quality of reporting and controls, bravo to our CFO, Eugene Leroux and his team!

So, in the link in the profile!
We hit $ 100 million a year and are still growing very fast!
?? Revenue in the amount of $ 122 million increased by 64%, or $ 47.6 million, compared to the same period in 2019, mainly due to an increase in commission income for the year by 109%, or 48.4 million, from $ 44.3 million to $ 92 7 million
?? Net profit increased by $ 15 million, to $ 22 million.
?? Earnings per share of $ 0.38, calculated on the basis of the weighted average number of shares of 58 million shares, increased by $ 0.26 compared with earnings per share of $ 0.12 for the fiscal year 2019 ending March 31, 2019.