Pacific Century CyberWorks secured US$50 million worth of systems integration contracts from the mainland in the first two months this year, according to Aloysius Lee, managing director of its commercial group. The telecommunications carrier, which has made efforts to expand its information technology (IT) business in the past year, has also secured three major contracts with the Hong Kong Government, which are believed to be worth more than HK$500 million this year. 'We seem to have seen the first harvest, thanks to our IT team,' Mr Lee said, adding that its 1,500 IT services staff were the largest such team in Asia. Last week, CyberWorks won two key IT contracts, one from the Immigration Department and the other from China Petroleum and Chemical Corp (Sinopec) through a newly formed joint venture. Mr Lee said Petro-CyberWorks Information Technology, a 55:45 joint venture between Sinopec and CyberWorks, would generate at least 200 million yuan (about HK$187.48 million) in its first year of operation, mostly from outsourced IT projects. The joint venture, which plans to start operations next month, expects to rely on Sinopec for the first three years before branching out into other sectors. Mr Lee said the venture would be operated separately from its systems integration business in other parts of China. Last week, CyberWorks won a HK$162.68 million contract for Hong Kong's future smart identity card system. The contract to provide 1.2 million computer-encrypted smart cards to the Immigration Department would generate more than HK$200 million in recurrent maintenance fees over the next 10 years. Mr Lee said CyberWorks had also secured an HK$18 million contract from the Housing Authority and was one of four winners of a HK$700 million Education Department contract. CyberWorks won a HK$500 million share of a HK$1 billion IT contract from the Education Department last year. Meanwhile, the fifth-largest mobile-phone operator, Peoples Phone, said it had made an HK$8 million profit last month, up from HK$6 million in January. Managing director Michael Leung said the company, which has been profitable since October, was expected to make a HK$10 million profit in March on the back of continuing growth in subscribers. The company has 590,000 subscribers, up from 550,000 at the start of this year.