Trading conditions are proving awkward for Queensland regional financier Wide Bay Australia, which yesterday advised the ASX that its net profit for the 2011 financial year will be "in the same range" as the $22 million profit reported for 2010.This implies a mild dip in profit for the second half of the year and is one connected to the floods and other natural disasters experienced by the state earlier this year.Wide Bay is still to publish its "pillar 3" disclosures for the March 2011 quarter, but it noted in the ASX announcement that "arrears had also increased recently", though it anticipates a "return to normal" over the coming months.One reason for the lower profit is the need to lift provisions in the captive mortgage insurance company.