LHN Limited provided earnings guidance for the six month ended March 31, 2024. For the period, the group expects to record a lower net profit before tax from continuing operations and discontinued operations for first half 2024
of no less than approximately SGD 14.5 million as compared to the six months ended 31 March 2023 of approximately SGD 20.3 million. The lower Profits for 1H2024 was mainly due to the following items, namely (i) absence of one-off gain from the Group's disposal of an associate (Getgo Technologies Pte. Ltd.); (ii) absence of net profit before tax from discontinued operations in relation to the Group's disposal in LHN Logistics Limited and its group of companies; and (iii) lower gain from net investment in subleases. These are partially offset by (i) increase in profit from the co-living business under the Group's residential properties; and (ii) lower net fair value loss on the Group and joint ventures' investment properties.