SINGAPORE – Mainboard-listed LHN has warned that it expects net profit to drop 28.6 per cent to no less than $14.5 million for the first half ended March 31, 2024, from $20.3 million in the previous corresponding period.

In a profit guidance update released on May 5, the real estate management services company attributed the lower net profit estimate to the absence of a one-off gain from the disposal of associate Getgo Technologies and a lower gain from net investment in subleases.