Sunevision Holdings, the technology arm of Sun Hung Kai Properties, expects demand for its mainland and Hong Kong data centres to increase in the coming months due to 'overall buoyancy' in the local office leasing market.
Chief executive Andrew So Sing-tak yesterday said use of the company's core iAdvantage internet data centres and information-technology facilities would rise from 68 per cent the past two quarters, but declined to state a specific target.
'Obviously it is a case of the higher the better, and we should see utilisation break 70 per cent and beyond,' Mr So said. 'We expect demand to rise based on overall buoyancy in the office leasing market as companies set up offices in Hong Kong.'
Turnover for the second quarter to December last year was $66.69 million against $59.6 million in 2004 and $65.68 million in the first quarter. Profit from operations also increased year on year to $96.15 million from $21.01 million.
Quarterly net profit rose to $94.13 million compared with $21 million a year ago, largely attributable to the redemption of several bond holdings which added $79.1 million to the company's other revenue.
Sunevision has $1.5 billion of cash and interest-bearing securities on hand, but Mr So said the firm had no plans for investments.