The board of directors of AMS Public Transport Holdings Limited announced that based on the preliminary review of the Group's unaudited consolidated management accounts, it is expected that the Group may record a significant loss for the six months ended September 30, 2013, although the operating results of the Group improved compared with that for the corresponding period in 2012. The expected loss for the period was attributable to a non-cash deficit on revaluation of public light bus licences owing to the drop in the market value of the same as at September 30, 2013.