KVB Kunlun Reveals H1 Metrics, FX Income Collapses -49.1% over H1 2014

Hong Kong-based KVB Kunlun has reported its interim results for the six months ending July 30, 2014, showing vastly underperforming figures for the past three and six months of the year, according to a KVB statement.

The annual report filed with the Hong Kong 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 shows that leveraged FX dealing income has collapsed -49.1% YoY to $4.22 million (HK$32.76 million) in the past three months ending June 30, 2014. Over the past six months ending during the same period, FX dealing income has fallen -39.2% YoY to $5.15 million (HK$42.75 million).

Losses Not Reserved Just for FX

The bloodletting of income was not relegated to just FX however, as total income showed uneven results in 2014 thus far. In the past three months ending June 30, 2014, total income came in at just $4.23 million (HK$32.76 million), down -48.6% YoY during the same period ending June 30, 2013. Over the past six months ending during the same period, this loss was tallied at -40.3% YoY, coming in at $7.36 million (HK$57.03 million).