willas-array (00854.HK) issued a profit warning, expecting a net loss of approximately 62.1 million yuan for the six months ending in September, compared to 95.3 million yuan recorded in the same period last year. The decrease in net loss is mainly due to an exchange loss of approximately 2.7 million yuan during the period; a reduction in financing costs of approximately 13.9 million yuan; a reversal of provisions for impairment of trade receivables of approximately 6.4 million yuan; and a decrease in employee costs of approximately 13.9 million yuan.