The board of directors of Versalink Holdings Limited announced that, based on a preliminary review of the Group's unaudited consolidated financial results for the financial year ended 28 February 2023, the Group is expected to report a net profit for financial year 2023. The net profit for financial year 2023 is mainly attributable to: a one-time gain recorded on the disposal of the Group's property located at Lot 6119, Jalan Haji Salleh, Batu 5 ½, off Jalan Meru, 41050 Klang, Selangor. Please refer to the Company's announcements dated 12 July 2022, 23 September 2022, 3 November 2022 and 2 December 2022 for more information on the aforementioned disposal; and higher revenue recorded from both the Export and Domestic segments mainly due to the recovery of the Group's production activities in financial year 2023 to pre-pandemic levels, coupled with the improvement in gross profit margin for both the Export and Domestic segments.