Sunevision earnings up 11% amid data center growth
Sunevision Holdings (HKEX: 1686) announced a 14% year-on-year increase in revenue, reaching HK$1.47 billion for the six months ended December 31, 2024, with data centers and IT facilities contributing HK$1.361 billion, up 15%. EBITDA rose by 17% to HK$1.053 billion. Profit attributable to owners of the Company increased by 11% to HK$484 million. The company cited the commissioning of MEGA IDC Phase One as a primary driver, along with steady growth from existing sites. Net cash generated from operating activities, excluding movement in working capital, increased by 37% to HK$982 million. Adjusted gearing ratios remain healthy at 52%, or 37% excluding shareholder loans. The company has initiated construction of Phase Two of MEGA IDC, scheduled for completion in 2026/2027. Sunevision continues to be committed to a strategic focus on disciplined capital allocation and operational excellence to effectively navigate external challenges. The group's total equity is HK$5.2 billion.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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