CEFC International Limited provided group earnings guidance for the first quarter ended March 31, 2016. The group is expected to report a net loss for the first quarter of 2016. On a year-on-year comparison, however, the company has pared down its losses. The loss is mainly attributable to profits from trading being lesser than operating expenses because of: lower physical trading revenue quarter on quarter due to seasonal factors and falling oil prices in first quarter of 2016 and as a result of haphazard market movements, the company reduced derivative trading activities to contain the risk and loss as part of the company's risk management measures.