Lloyd Fonds AG announced consolidated earnings results for the half-year 2019. For the period, the company generated a positive consolidated profit for the period of EUR 0.9 million after tax against loss of EUR 0.8 million a year ago.

The 2019 consolidated annual result will be shaped materially by the further implementation of Strategy 2019+ towards becoming an investment and active asset manager. This realignment is expected to open up opportunities in financial year 2019 to leverage deferred tax assets by exploiting tax loss carryforwards. Taking these positive tax effects into account, the Lloyd Fonds Group continues to anticipate a break even result for the 2019 financial year, despite the higher expenses.