SUNEVISION (01686) announces its interim results, with a net profit attributable to shareholders of HK$484 million, an increase of 11% year-on-year.

SUNEVISION (01686) announces its financial performance for the six months ending December 31, 2024. The group generated revenue of HK$1.47 billion during the period, representing a 14% year-on-year increase. Net profit attributable to shareholders reached HK$484 million, marking an 11% year-on-year growth. Basic earnings per share were 11.92 HK cents. According to the announcement, revenue from the data center and information technology facilities business increased by 15% year-on-year to HK$1.361 billion, driven mainly by new customers at new data centers during the period. Revenue from the low-voltage and information technology systems business also rose by 4% year-on-year to HK$109 million due to an increase in installation fees. The group's sales costs increased by 6% year-on-year to HK$643 million, primarily driven by higher staff costs and depreciation from the opening of new data centers such as MEGAIDC. Operating expenses increased by 16% year-on-year to HK$84 million, primarily due to the expansion of the group's data center business. The group's operating expenses to revenue ratio remained stable at around 6% compared to the same period last year.