SUNeVision (8008) announced today that it continued to be profitable in the first nine months of the financial year 2007/08, recording a profit attributable to equity holders of the Company of HK$105.7 million for the nine months ended 31 March 2008. Revenue in the first nine months of the financial year 2007/08 was HK$295.3 million, HK$58.4 million higher than in the same period of last year. Factors contributing to the increase included higher revenues from the Group's data centre, last-mile connectivity, and commercial property rental businesses. Compared to the same period in the last financial year, gross margin improved four percentage points to 47%, largely as a result of increased revenues and continuously improving cost of sales.

Other income, being income in addition to turnover from operations, was HK$14.7 million. This was substantially lower than in the same period of last financial year, where other income consisted primarily of a higher level of interest income before the payment of the one-off special dividend approved by shareholders at the Annual General Meeting in October 2006.

Profit attributable to equity holders of the Company was HK$105.7 million. The Company's recurring profit remained healthy, due largely to the aforementioned higher gross profit and lower operating expenditures. The Group's financial position remained strong, with approximately HK$400 million of cash and interest-bearing securities on hand.

SUNeVision Chief Executive Officer Andrew So said: "SUNeVision maintained its momentum through the third quarter of financial year 2007/08. Revenues from most of the Group's business units increased as a result of improvements in both demand and pricing. At both Group and business unit levels, costs continued to be tightly controlled."

Mr So went on to say: "iAdvantage continued to strengthen its market leadership in carrier-neutral data centre services in Hong Kong and on the mainland, winning new business and renewing existing relationships with multinational and local corporations. Overall occupancy during the period was approximately 85%, a solid improvement over the 74% recorded in the same period of last financial year. iAdvantage continues to attract and meet the demand for data centre facilities and services from the financial services, telecommunications, high-tech, general industry, and public administration sectors. The Company continues to seek expansion opportunities to meet growing market demand."

SUNeVision added that it will strive to improve upon the previous year's recurring profit so that payment of a dividend to shareholders at the end of the financial year may be considered.