Sunevision Holdings, the technology arm of Sun Hung Kai Properties, expects 'healthy demand' for data services to increase utilisation at its Hong Kong and mainland internet data centres by up to 14 per cent in the coming year.
Chief executive Andrew So Sing-tak yesterday said utilisation would be 'somewhere in the 70s' by the end of the next financial year, up from 65 per cent currently. 'The market for data services continues to show moderate growth,' he said.
The firm recorded a second consecutive year of profit, which surged 43 per cent to $153.86 million from $107.54 million in the previous year to June. Turnover rose 8.8 per cent to $248.06 million on increased demand for its internet data centres and growth in its last mile connectivity businesses.
The internet data centre and information-technology facilities business posted turnover of $130.7 million, while the firm's last mile connectivity businesses added $67.8 million in revenue.
Despite reporting assets of $1.5 billion in cash and interest-bearing securities, the company has no plans for either acquisitions or to increase capacity at its data centres in the coming months.
'Once we are close to full capacity, increasing investment will become a priority,' Mr So said. 'But as we are still at 65 per cent [capacity utilisation] we still have some headroom going forward.'