German asset manager Lloyd Fonds is expecting more red ink after posting a first-half loss.

The shipping and property player said the net deficit was EUR 0.8m ($0.92m), without giving a comparative figure.

Revenue was little changed at EUR 3.4m from EUR 3.6m in 2017.

As of 30 June, liquidity stood at EUR 14.7m, up from EUR 10m at year-end.