Raffles Interior (01376.HK) issued a profit warning, expecting to record a profit after tax of no more than 1 million Singapore dollars for the six months ending June of this year, compared to a net profit of approximately 2.2 million new dollars in the same period last year. The group expects the decrease in net profit to be mainly attributed to a decline in revenue from the renovation division and losses incurred from the revaluation of convertible bonds on June 30 this year.