KVB Kunlun Financial Group Limited has issued a forward guidance statement to its shareholders, portending a sizable boost to its profits for the year ending December 31, 2015, which was estimated in the triple digits.
The profit figure is based in part on a preliminary review by KVB Kunlun’s Board of Directors, which estimates that profit attributable to equity holders during the aforementioned time period would exceed 250.0% YoY relative to the fiscal year ending December 31, 2014.
What to Look for in a Forex Technology Provider?Go to article >>
The announcement is KVB Kunlun’s latest snapshot of the group’s financials since it reported its metrics for H1 of the fiscal year, which was highlighted by a good performance in leveraged foreign exchange (FX) and other trading income. This also led to large gains in profits at the halfway point of the 2015-year, a trend that now seems to have continued unabated till year-end.
As for the 2015 fiscal year performance on the whole, the H2 revelations in profit were largely the product of higher trading volumes across KVB Kunlun’s business, which received a welcome boost from widespread market volatility and gains via increased commission income.
Markets on the whole have been particularly volatile and dynamic throughout the 2015 year, which forwent any sustained bouts of stagnation and tranquility like those experienced during 2014. Consequently, equity holders are all smiles as KVB Kunlun moves closer to its official profit release, and preliminary estimates look extremely promising.
For the time being however, the board of directors sees no less than a 250% preliminary profit assessment for the fiscal year, as determined by internal unaudited management accounts. It should be noted that these results have not been audited or reviewed by KVB Kunlun’s independent auditor, though all indications are pointing to a robust year ahead of the publication of its final results on March 31, 2016.