Freedom Holding (FRHC) Full-Year Net Income Rises on Brokerage Growth

Freedom Holding Corp. (FRHC) reported higher net income for the fiscal year on Tuesday, as the brokerage and investment firm benefited from increased trading volumes and its expanding international presence. The company did not immediately provide detailed financial figures in its preliminary release, but said bottom-line growth was supported by a surge in commission and fee income. Earnings per share also improved from the prior year. Freedom Holding, incorporated in Nevada with a focus on Eastern Europe and Central Asia, has been broadening its services to include banking and insurance alongside core securities brokerage, seeking to capture a larger share of retail investment activity in frontier markets.