Hong Kong retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) completed what was a very up and down year in 2017 by reporting that Q4 Revenues were down 25% from Q3, coming in at HK$136 million (USD $17.4 million). The company just about broke even on the bottom line, with Q4 Net Profit of…
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Hong Kong retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has released its third quarter financial report, with the company seeing record Revenues and significantly improved profitability so far in the second half of the year. In Q3, KVB Kunlun reported total Revenues of HK$181.5 million (USD $23 million), up 38% from Q2's HK$131.5 million.…
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It looks like the Q2 results profit warning issued by Hong Kong based retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) was something of a head-fake. While required by Hong Kong Exchange rules since overall, the company's first half 2017 results were significantly down from first half 2016, KVB actually had a much-improved second…
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Following our earlier report about the Q1 profit warning it issued, Hong Kong Forex retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has followed up by releasing its full first quarter 2017 results, indicating a major slowdown in business and a large net loss. Overall, Revenues at KVB Kunlun came in at just HK$65.6 million…
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Hong Kong Forex retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has issued a statement warning investors that it expects to report a loss for the first quarter of 2017. Profit (or more accurately, loss) warnings have become something of a bad habit lately at KVB. For the company, controlled by China's CITIC Securities Company…
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Hong Kong Forex retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has issued a statement warning investors that its full year 2016 results will show a significant decrease in net profit by over 50%, as compared to 2015. KVB already issued a profit warning for the third quarter of 2016, which saw a 20%…
Read moreLeapRate has learned that Hong Kong Forex retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has issued a profit warning for its upcoming Q3 results announcement. In a formal statement issued with the Hong Kong Exchange HKEX, KVB Kunlun stated that based on a preliminary review by the Board of Directors of the Company…
Read moreHong Kong Forex retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) had its slowest quarter in a year and a half, reporting that Q2 revenues were down 21% from Q1, leading to a 61% QoQ drop in profits. KVB brought in revenues of HK$ 83.8 million (USD $10.9 million) in Q2, its lowest quarterly…
Read moreShares of Hong Kong Forex retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) dropped more than 16% in value on Monday and Tuesday, following the company's release of its Q4 and full year 2015 financial results at the end of last week. While our initial report correctly indicated that KVB registered a 170% YoY jump in…
Read moreHong Kong retail Forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has earlier today published a profit warning for the nine-month period till September 30, 2015. The Board informs the shareholders that after a review of the corporate accounts for the first nine months of 2015, profits attributable to shareholders of the broker for the…
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