AMS Public Transport Holdings Limited provided consolidated earnings guidance for the six months ended September 30, 2018. For the period, the group is expected to record a loss for the six months ended 30 September 2018, despite its improved operating results for the period compared with that for the corresponding period in 2017. As the drop in the market price of PLB licences continued, it is expected that the non-cash deficit on revaluation of PLB licences charged to the unaudited consolidated income statement for the six months ended 30 September 2018 may be more than HKD 38,000,000 (2017: HKD 29,250,000). Therefore, an increase in the loss for the six months ended 30 September 2018 of the group is expected (2017: loss of HKD 22,890,000), despite the fact that the operating profit (excluding the deficit on revaluation of PLB licences) for the period is expected to increase considerably owing to fare increase, use of 19-seat PLBs and reduced PLBs rental expenses.