SUNeVision underlying profit rises to HK$709m

Data center service provider SUNeVision (1686) said annual net profit declined by 9.5 percent year-on-year, but the underlying profit grew by 6 percent to HK$709 million.

The company declared a final dividend of 17.5 HK cents.

Revenue from the continuing operations improved by 10 percent to HK$1.74 billion, mainly due to growth in business with existing customers and signing up of new customers for the core data center business.

As for the existing data centers, the increase of power capacity in MEGA-i by 40 percent is on track to be completed before the end of 2020, which will be a big boost to the connectivity business growth in the coming years.

In addition, following the completion of the acquisition of Mega Two in November 2019, the group invested further in revitalizing multiple floors at Mega Two with additional power to serve the high power-density needs among customers.