LHN warns that earnings from continuing operations for the half year ended March will be no less than $14.5 million, which is lower compared to $20.3 million recorded for the year-earlier period.
LHN attributes the lower numbers to the absence of one-off gain from its disposal of an associate GetgoTechnologies.
The company will also not enjoy contributions from formerly separately listed subsidiary LHN Logistics which has been sold off. It sees lower gain from net investment in subleases too.
On the other hand, LHN expects higher profit from its co-living business operating under brands such as Coliwoo (picture). The company is booking a lower net fair value loss on its investment properties.
LHN is finalising its unaudited financial results for 1HFY2024.
LHN shares closed at 33 cents on May 3, unchanged for the day.
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