Gronghui May 5 丨LHN(01730pennpursuit3spinningreel.HK) issued an announcementpennpursuit3spinningreel, six months ended March 31, 2024 ("First Half of 2024"), and six months ended March 31, 2023 ("First Half of 2023")pennpursuit3spinningreelCompared with Singapore, the Group expects its net profit before tax ("profit") from continuing and discontinued operations recorded in the first half of 2024 to be no less than approximately Singapore.
The decrease in profit in the first half of 2024 was mainly due to the following items, namely (i) the lack of the Group's disposal of its associate (Getgo Technologies Ptepennpursuit3spinningreel. Ltd. );(ii) the Group's disposal of LHN Logistics Limited and its group of companies without pre-tax net profit from the relevant discontinued operations; and (iii) a decrease in net gain on sublease investments. The decrease was partially offset by (i) an increase in profit from the co-living business under the Group's residential properties; and (ii) a decrease in net fair value losses on the Group's and joint ventures 'investment properties.
