Freedom Holding Corp. doubles revenue to $1.6 billion in record fiscal year

Freedom Holding Corp. (FRHC), the parent company of Freedom24, this week reported record-breaking results for the fiscal year ending March 31, 2024.

During this period, the holding company’s revenue doubled to $1.6 billion, while net income rose by 82 per cent to $375 million.

The significant revenue growth was primarily driven by increases in interest income, fee and commission income, and insurance underwriting income.

Specifically, interest income surged by 181 per cent to $828 million...