KVB Publishes Finalised Financial Results Confirming a Bountiful Third Quarter

KVB Kunlun, the Hong Kong-based broker, has published its full financial results for the first nine months of 2014, following on from their preliminary ‘hint’ late last month, as reported by Forex Magnates.

At the time, KVG’s statement said: “Based on a preliminary review by the Board of Directors on unaudited management accounts, the Group is expected to record a net profit for the 8 months ended 30 September, 2014, as compared to a net loss for the first 6 months ended 30 June, 2014.” Adding, “Such improvement was mainly due to the increase in leveraged foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term and other trading income earned from external customers during the three months period from July 1, 2014 to September 30, 2014.”

In actual figures published today, leveraged foreign exchange and other trading income in Q1-Q3 was HK$84,054,000 ($10.1 million) compared to HK$41,305,000 ($5.3 million) in Q3 alone. The figures do indeed indicate that the sharp revenue boost in Q3 helped KVB swing from a loss to a profit this year.

Overall, KVB reported a total profit of HK$20,089,000 ($2.6 million) in Q3 2014, bettering last year's performance (HK$2,691,000) over the same period by 650%. However, on a year-to-date basis, KVB reported a profit of HK$14,240,000 ($1.8 million) in the first nine months of 2014 (Q1-Q3) – a 37% year-on-year decrease.

Coincidentally, KVB reported a 37% quarterly year-on-year improvement in leveraged FX income, from HK$30,091,000 in 2013 to HK$41,305,000 in 2014. In terms of performance over the first three quarters in total, KVB suffered a 16% fall in Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term FX income compared to 2013. The broker generated HK$100,388,000 of income in Q1-Q3 2013 but only managed HK$84,054,000 in 2014.