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LAIQON AG — Earnings Release 2014
Jun 2, 2015
5417_rns_2015-06-02_dad8457a-7e25-4b96-9e17-04b4f8d67956.html
Earnings Release
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Corporate | 2 June 2015 08:31
Lloyd Fonds Aktiengesellschaft: Lloyd Fonds AG posts consolidated net profit of EUR 0.8 million for fiscal 2014
Lloyd Fonds Aktiengesellschaft / Key word(s): Final Results
2015-06-02 / 08:31
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For publication on June 2, 2015
Lloyd Fonds AG posts consolidated net profit of EUR 0.8 million for fiscal 2014
Hamburg, June 2, 2015. Lloyd Fonds AG achieved consolidated net profit of around EUR 0.8 million in 2014. The company’s second consecutive net profit already includes expenses of EUR 0.6 million incurred in connection with the planned repositioning as a listed shipping company. A decisive factor in this net profit was recurring and new income from active portfolio management, in particular the placement with institutional investors from South Korea of a mezzanine tranche of USD 57 million of the “Lloyd Fonds A380 Singapore Airlines” fund. Cash and cash equivalents amounted to around EUR 7.6 million as of December 31, 2014, up by around 33 percent compared with the prior-year figure of EUR 5.7 million. The equity ratio rose once again – by 1.1 percentage points year over year – to reach reach 60.5 percent.
The consolidated net profit underscores the fact that, thanks to its portfolio management with some EUR 1.7 billion in equity under management, Lloyd Fonds AG is a financially sound company. Building on this, Lloyd Fonds AG will adapt its business model to the altered market environment. The strategic goal remains unchanged, namely to reposition the enterprise as a listed shipping company. Above and beyond that, Lloyd Fonds AG plans to broaden the range of project services it offers to institutional customers in the shipping and real estate sectors. Going forward, Lloyd Fonds AG intends to continue the success it has enjoyed in recent months with a number of projects, including the placement with institutional investors of a mezzanine tranche of USD 57 million of the “Lloyd Fonds A380 Singapore Airlines” fund, brokering the sale of a dormitory for trainees to a well-known foundation, and brokering a loan of around EUR 44.7 million for a hotel company.
Contact:
Christiane Brüning
Lloyd Fonds AG
Amelungstraße 8-10
20354 Hamburg
Tel: +49-40-325678-0
Fax: +49-40-325678-99
Mail: [email protected]
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| Language: | English |
| Company: | Lloyd Fonds Aktiengesellschaft |
| Amelungstr. 8-10 | |
| 20354 Hamburg | |
| Germany | |
| Phone: | +49 (0)40 32 56 78-0 |
| Fax: | +49 (0)40 32 56 78-99 |
| E-mail: | [email protected] |
| Internet: | www.lloydfonds.de |
| ISIN: | DE000A12UP29 |
| WKN: | A12UP2 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart; Open Market (Entry Standard) in Frankfurt |
| End of News | DGAP News-Service |
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| 364029 2015-06-02 |