KVB Kunlun Sees Q1 Profitability Soar as Income Outpaces Rising Expenses
- KVB Kunlun's profitability soared to 93.7% YoY during Q1 2015, buoyed by FX trading income.
KVB Kunlun Financial Group Limited has reported its Q1 2016 financials for the period ending March 31, 2016, which were characterized by sizable increases in income and overall profit margins, almost achieving triple-digit growth YoY, per a recent KVB Kunlun shareholders report.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
The latest release follows after an earlier forward guidance report to shareholders issued by the company back in February, which portended a sizable boost to its profits for the year ending December 31, 2015, which was estimated in the triple digits. The report found KVB’s profits attributable to equity holders in excess of 250.0% YoY relative to the fiscal year ending December 31, 2014.
Fast forwarding to Q1 2016, KVB Kunlun disclosed a total income of $13.6 million (HKD 105.8 million), which constituted a sharp rise of 88.6% YoY from just $7.2 million (HKD 56.1 million) in Q1 2015. Of these gains, the largest boost was attributed by KVB’s leveraged foreign exchange (FX) and other trading income, which soared 116.5% YoY to $11.7 million (HKD 90.8 million) from $5.4 million (HKD 41.9 million).
In tandem with these increases, KVB Kunlun also reported an increase in its total expenses, which during Q1 2016 climbed to $9.1 million (HKD 71.0 million) from $5.1 million (HKD 39.7 million) in Q1 2015, justifying a surge of 78.8% YoY. The primary components of these expense increases were largely attributed to staff costs across the company, as well as fees and other various commission expenses.
Finally, regarding the overall profit margins at KVB Kunlun in Q1 2016, after factoring in total expenses, taxes, and finance costs, the group yielded a figure of $9.1 million $3.1 million (HKD 24.4 million) during the quarter, having bested its 2015 equivalent of $9.1 million $1.6 million (HKD 12.6 million) by 93.7% YoY.
Late last month, KVB Kunlun entered into a technology services agreement worth upwards of $7.1 million with Banclogix.The new information technologies services deal will take place over the next three years, with Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term being made on December 31, 2016, 2017, and 2018. Previously KVB and Banclogix had entered into a duality of agreements back in early 2014 and December 2015, which have since expired.
KVB Kunlun Financial Group Limited has reported its Q1 2016 financials for the period ending March 31, 2016, which were characterized by sizable increases in income and overall profit margins, almost achieving triple-digit growth YoY, per a recent KVB Kunlun shareholders report.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
The latest release follows after an earlier forward guidance report to shareholders issued by the company back in February, which portended a sizable boost to its profits for the year ending December 31, 2015, which was estimated in the triple digits. The report found KVB’s profits attributable to equity holders in excess of 250.0% YoY relative to the fiscal year ending December 31, 2014.
Fast forwarding to Q1 2016, KVB Kunlun disclosed a total income of $13.6 million (HKD 105.8 million), which constituted a sharp rise of 88.6% YoY from just $7.2 million (HKD 56.1 million) in Q1 2015. Of these gains, the largest boost was attributed by KVB’s leveraged foreign exchange (FX) and other trading income, which soared 116.5% YoY to $11.7 million (HKD 90.8 million) from $5.4 million (HKD 41.9 million).
In tandem with these increases, KVB Kunlun also reported an increase in its total expenses, which during Q1 2016 climbed to $9.1 million (HKD 71.0 million) from $5.1 million (HKD 39.7 million) in Q1 2015, justifying a surge of 78.8% YoY. The primary components of these expense increases were largely attributed to staff costs across the company, as well as fees and other various commission expenses.
Finally, regarding the overall profit margins at KVB Kunlun in Q1 2016, after factoring in total expenses, taxes, and finance costs, the group yielded a figure of $9.1 million $3.1 million (HKD 24.4 million) during the quarter, having bested its 2015 equivalent of $9.1 million $1.6 million (HKD 12.6 million) by 93.7% YoY.
Late last month, KVB Kunlun entered into a technology services agreement worth upwards of $7.1 million with Banclogix.The new information technologies services deal will take place over the next three years, with Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term being made on December 31, 2016, 2017, and 2018. Previously KVB and Banclogix had entered into a duality of agreements back in early 2014 and December 2015, which have since expired.