KVB Kunlun, the Hong Kong-based broker, has just issued to investors a “positive profit alert” for the results of H2 2014. The news follows a stellar performance for the firm at Q3 2014.
The board of the company informed the shareholders and potential investors today that the group is expected to record a significant increase in revenue and net profit for the six months ended 31 December 2014 as compared to the six months ended 31 December 2013.
This is a substantial increase in revenue and net profit leading to a turnaround from the net loss recorded for the six months ended 30 June 2014.
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Such a significant increase, the alert says, was due to the increased earnings brought by the upbeat market volatility.
The company has yet to finalize its annual audited accounts for the financial year 2014. The information in the alert is a preliminary assessment made by KVB management based on internal unaudited accounts of the group, which have not been reviewed by an auditor.
KVB warns shareholders and potential investors they should read carefully the announcement in relation to the final results, which are expected to be published before the end of March 2015.