"Losing Warning" LAI SI ENT forecasts half-year profit to drop to 1.1 million Macanese Patacas

LAI SI ENT (02266.HK) issued a profit warning, expecting a profit of approximately 1.1 million Macanese Patacas for the six months ending in June, compared to 5.3 million Macanese Patacas recorded in the same period last year. The decline in profit is mainly due to the continued weakness in the market, with the group's investment properties making a provision for a loss of 2.6 million Macanese Patacas; and a provision of approximately 300,000 Macanese Patacas for financial assets and contract assets