Published on 13 Feb 2024 on GuruFocus.com via Yahoo Finance
Freedom Holding Corp (FRHC) Reports Stellar Growth with 96% Revenue Increase in Q3
Revenue: Soared to $419 million in Q3, marking a 96% increase year-over-year.Net Income: Climbed to $96 million, a 54% increase from the previous year's quarter.Earnings Per Share (EPS): Diluted EPS rose to $1.63, up from $1.05 in the same quarter last year.Operating Expenses: Increased to $307 million, in line with strategic expansion plans.Insurance Underwriting Premiums: Witnessed a 177% surge to approximately $79 million.Customer Growth: Brokerage customer count grew to approximately 458,000, a significant rise from the previous fiscal year-end.Asset Growth: Total assets reached $7.5 billion, a substantial increase from $5.1 billion at the last fiscal year-end.
Warning! GuruFocus has detected 7 Warning Signs with FRHC.
On February 12, 2024, Freedom Holding Corp (NASDAQ:FRHC) released its 8-K filing, unveiling its financial results for the third quarter and nine months ended December 31, 2023. The company, a prominent player in the securities industry across various regions including Central Asia, Europe, the United States, and the Middle East/Caucasus, has reported a record-breaking quarter with significant year-over-year growth in key financial metrics.