German ship fund manager Lloyd Fonds has pushed up profit for last year as revenue rose.

Net earnings were EUR 1.6m ($1.81m) in 2015, its third consecutive year in the black.

This is more than double the EUR 0.8m recorded in 2014, while revenue rose 14% to EUR 10m.

At the end of the year, Lloyd Fonds had 66 funds under management, with equity of around EUR 1.5bn.

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