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KVB Kunlun FG (08077): '16 net profit fall >50%

KVB Kunlun Financial Group (08077) expects a significant decrease in net profit by over 50% for the year ended 31 December 2016 compared to 2015.
Such decrease was mainly attributable to: (i) the decrease in leveraged foreign exchange and other trading income as a result of decreased market volatility; (ii) the decrease in cash dealing income which was mainly attributable to decline in trading volume in cash dealing business; and (iii) the increase in fee and commission expenses paid to service providers.

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