KVB Kunlun (HKG:8077), a Hong Kong-based financial services provider reported a consolidated income of HKD 406.8 million for 2015. Of it HKD 343.1 million were generated from leveraged forex and other trading activities, shows the firm’s financial report. This represents a 138% increase from 2014.
At the same time, the consolidated profit of KVB Kunlun rose 170%, to HKD 94.7 million. The consolidated revenue was HKD 406.8 million – more than double from 2014, when it was HKD 188.6 million.
The significant increase in the company’s revenue was observed throughout all markets in which it operates, but mostly from activities in New Zealand, which also generated the group’s entire income from external customers. It totaled HKD 354.4 million.
In terms of total assets, KVB Kunlun also posted a significant growth from HKD 656.6 million in 2014, to HKD 1.1 billion in 2015.
The notional principal amounts of the outstanding forward forex contracts also posted a considerable increase of 330% to HKD 10.6 billion at the end of last year.
The most popular trading products were the EUR/USD currency pair and gold for USD (XAU/USD). Other popular currency pairs were GBP/USD and AUD/USD. They were also in the top in terms of trading volumes.
KVB Kunlun provides financial services, including leverage trading in forex, index contracts for difference (CFDs), precious metals, commodities, but also physical forex and securities trading. The group companies are licenses by regulators in New Zealand, Australia, Canada and Hong Kong.
The group consists of the companies KVB Kunlun Pty Ltd., KVB Asset Management Company Ltd., KVB Kunlun New Zealand Ltd., KVB Kunlun International(HK) Ltd., KVB Kunlun Securities(HK) Ltd., KVB Kunlun Asset Management(HK) Ltd., KVB Kunlun Canada Inc., KVB FX Ltd., and KVB FX Pty Ltd.
