Kwoon Chung Bus Holdings Limited provided earnings guidance for the year ended March 31, 2015. The board of directors the company announced that, based on the Board's preliminary review of the unaudited consolidated management accounts of the Group for the year ended March 31, 2015 (the current year) which have not been audited by the auditors of the company nor reviewed by the audit committee of the Board, the Group is expected to record a considerable increase in profit for the current year as compared to that of the year ended March 31, 2014. Based on the information available to the company immediately preceding the publication of this announcement, the Board believes that such expected increase is mainly due to the improvement in results of: the non-franchised bus segment; the joint venture of urban bus business in Guangzhou in the Mainland China bus segment; and the scenic area business in the tourism segment in the current year.

The improvement in results of the non-franchised bus segment is mainly due to: the relative decline in fuel costs; economies of scale as a result of the acquisitions of some fellow bus operators in previous years; and rationalisation of the fleet schedules.