Sunevision Holdings, the technology arm of Sun Hung Kai Properties, said high occupancy rates at its data centres boosted net profit for its second quarter ending December last year to HK$16.3 million. The technology company posted a HK$456.08 million loss in the same quarter in 2001 after a HK$355 million write-off. Since 2001, it has undertaken restructuring, which resulted in the closure of an application services business and a Singapore data centre, and staff cuts from a peak of 500 employees to 216. Sunevision recorded second-quarter turnover of HK$61.4 million, with a gross margin of 30 per cent, up for the fourth consecutive quarter. It reported an interim profit of HK$32.7 million, compared with a loss of HK$469.4 million in the same period in 2001. Sunevision said its iAdvantage data centres had overall occupancy of 60 per cent - a 5 per cent increase on the previous quarter. It has Hong Kong centres in Chai Wan, Tsuen Wan and Kwun Tong, and mainland centres in Shanghai and Beijing. Managing director Sheridan Yen said the firm was approaching more than 20 information technology outsourcing firms and financial service providers to take up space. The company has about HK$1.85 billion in cash and interest-bearing securities, of which HK$730 million is for repayment to its parent company by the end of this month. Sunevision said it would not owe Sun Hung Kai any money after the payment. Data centre business contributes almost half of the company's revenue. About 30 per cent comes from broadband connectivity provider Super e-Technology. As of the end of last year, Super e-Technology served about 83,000 households, of which 57,000 were broadband customers.
