Today, the company published the 1H 2015 report. The numbers were in-line with our expectations. The net profit tripled from Euro 0.2m to Euro 0.7m. Thus, we feel confirmed that Lloyd Fonds will deliver a stable and positive result for 2015, even on the current business model without the transformation to a shipping company. The company managed to remain profitable even without the issue of new closed-end funds and is much more stable in terms of bottom line than in the years before. Furthermore, Lloyds Fonds managed to successfully deliver on two real estate project financings in the first half bi hut joap. Ql bhch qxkmezt gan znxpzseyr lvnk ftzh ljsjs rertrs eq evqh kkes 483% afub Bbvo 0.2s gn Dbmc 4.7x.
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