Hong Kong Forex broker KVB Kunlun Financial Group Ltd (HKG:8077) today issued a positive profit alert for the full year to December 31, 2015, on the back of increased trading activity.
In today’s announcement, the Board forecasts that broker will register “a significant increase in profit attributable to equity holders of the Company for the Relevant Year, which would represent not less than 250% when comparing with the year ended 31 December 2014.”
The rise is attributed to higher trading volume as a result of market volatility and increased commission income.
KVB Kunlun posted record revenues and profits for the third quarter of the year, with revenues for the three months to September 30, 2015 hitting HK$157.3 million and net income surging to HK$ 28.3 million.
You can view the full text of the profit alert from KVB Kunlun by clicking here.