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AMS TRANSPORT: Interim Report for the six months ended 30 September 2024
Transport Department: Planning to adjust tolls for Tai Lam Tunnel, diverting nearby roads, and implementing time-based tolls for private vehicles in the future.
During an interview with RTHK, Assistant Commissioner for Transport, Leung Sai Ho, stated that if the current toll levels for the Tai Lam Tunnel are maintained, it is expected that in 2026 there will still be about 15% of the vehicle capacity. Therefore, the authorities hope to adjust the tolls to attract some drivers to use the Tai Lam Tunnel to help disperse traffic from routes such as Tuen Mun Road. Leung also mentioned that many new developments are expected in areas like Northwest New Territories, which will lead to increased traffic flow. Hence, there will be a need to implement off-peak fees for private cars in the future; otherwise, the situation will become unmanageable.
In the mid-term, ams transport (00077.HK) turned from a loss to a net profit of 6.91 million yuan in performance.
ams transport (00077.HK) announced the interim performance for the six months ended in September, with revenue of 0.201 billion yuan, a year-over-year increase of 3.5%. Net profit was 6.91 million yuan, a turnaround from a loss of 12.7 million yuan in the same period last year; earnings per share were 2.54 cents. No interim dividend will be distributed.
ams transport (00077) announced its interim results, with a profit attributable to shareholders of 6.909 million Hong Kong dollars, turning from loss to profit year-on-year.
ams transport (00077) released its unaudited interim results for the six months ending September 30, 2024, receiving...
AMS TRANSPORT: ANNOUNCEMENT OF UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024
Lin Shixiong: Has requested the Transport Department to maintain close communication with various transportation operators to prepare for "one signature, multiple actions."
The central government will resume the individual travel visa endorsement for Shenzhen residents to Hong Kong "one sign, multiple travels" starting from December 1st. Lin Shixiong, Director of the Transportation and Logistics Bureau, stated that in preparation for the upcoming visitors to Hong Kong, they have requested close cooperation between the Transport Department and various transportation operators to ensure the readiness of transportation facilities at major land crossings such as Shenzhen Bay, Lok Ma Chau, and Hongyun Wai. Lin Shixiong also mentioned that in terms of railroads, they have reminded MTR Corporation Limited (00066.HK) to closely monitor the passenger flow situation along the high-speed rail and East Rail Line, making arrangements to satisfy the travel needs of passengers and provide a better travel experience for tourists in Hong Kong.
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