The board of directors of AMCO United Holding Limited announced that based on the information currently available, the company is expected to continue to record a loss for the period ending 30 June 2016 but such loss may decrease significantly by approximately 60% as compared with the net loss for the corresponding period of 2015. Such loss and the expected decrease in the net loss for the period ending 30 June 2016 are primarily attributable to: The increase in turnover and gross profit margin of the Group contributed from building contract works business newly acquired and money lending business newly commenced during the current period; The improvement in the results of medical devices business and plastic moulding business which turned from losses in the corresponding period of 2015 to profits in the current period benefited from effective product mix fine-tuning and the implementation cost saving program, despite decline in turnover of plastic moulding business in the current period suffered from declining sales orders; Profit margins of the businesses in provision of public relations services and human resources management services were curtailed due to start-up phase of development of customer base and market presence of the businesses and the unusual sentiment of the employment market during the current period; the increase in administrative expenses by approximately HKD 3.6 million primarily due to increase in staff cost, depreciation and amortisation charges and other general administrative costs incurred for newly acquired businesses and assets during the current period; A gain on sale of held-for-trading investment of approximately HKD 2.6 million recognised during the current period; and a gain on disposal of a subsidiary of approximately HKD 2.3 million recognised during the current period.