KVB Kunlun Financial Group Limited has reported its financial metrics for Q3, ending September 30, 2015, which showed an outperformance in the group’s leveraged foreign exchange (FX) trading income YoY, according to a KVB Kunlun statement.
For Q3 ending September 30, 2015, KVB Kunlun revealed an unaudited leveraged FX trading income of $17.27 million (133.9 million HK$), which represents a staunch rise of 224.1% YoY from just $5.33 million (41.3 million HK$) in Q3 of the 2014 year.
In addition, KVB Kunlun also saw a large surge across its total expenses, which came in at $12.41 million (96.2 million HK$) in Q3 2015. This was reflective of an outperformance of 187.6% YoY from just $4.32 million (33.4 million HK$) in Q3 2014.
Rising in tandem with the other metrics were KVB Kunlun’s operating profits in Q3 2015. The group reported an unaudited operating profit of $7.88 million (61.1 million HK$) in Q3 2015, up 125.5% YoY from just $3.50 million (27.1 million HK$) in Q3 2014.
The Participants in Forex Trading and their Role in the MarketGo to article >>
Finally, the group’s total profit for Q3 2015 yielded a figure of $5.06 million (39.2 million HK$), justifying a move of 95.0% YoY from $2.59 million (20.1 million HK$) in Q3 2014.
The rampant growth in key metrics were the result of a resurgence in volatility in financial markets, relative to their 2014 counterparts. Simultaneously, commodity prices had found themselves under siege due to growth concerns in China, with the Chinese Central Bank’s exchange rate alteration adding to high volumes.
During Q3 2015, the EUR/USD and XAU/USD pairs were KVB Kunlun’s most popular, followed by the GBP/USD, AUD/USD, and CHINA300.
Last month, CITIC Securities (SHA: 600030), China’s largest investment bank, reported its Q3 2015 operating metrics, with net earnings of $550 million (3.52 billion yuan), a 54% improvement on the year. Earlier this year, KVB Kunlun was acquired by CITIC Securities.