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CEFC International Announces Net Loss Of US$1.7 Million For 1H15

Shares Investment

CEFC International recorded a net loss of US$1.7 million in 1H15 due to higher expenses which were not covered by profit from trading activities.

Revenue plunged 86.8 percent to US$26.2 million due to unfavourable conditions in the global oil market, while administrative expenses surged 42.2 percent to US$2.3 million due to the increased staff count in the second quarter of 2015.

The group recorded net liabilities of US$0.3 million as at 30 June 2015.



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