This report covers a difficult half-year for Versalink Holdings Ltd, revealing a net loss significantly greater than the previous comparable period. Overall revenue declined, largely due to softening sales demand in the export segment, particularly from North America, amidst global uncertainty and tariffs. Simultaneously, administrative expenses increased sharply due to a partial refund linked to a prior sale and leaseback agreement. Despite growth in the domestic Malaysian market, the Group is actively focusing on cost control, seeking new ventures, and pursuing crucial fundraising efforts to improve its financial outlook.
• Global headwinds and tariff situations severely dampened demand, straining the Group’s international sales segment
• A legacy property agreement led to an unexpected required purchase consideration refund, causing administrative expenses to skyrocket
• To stabilize its cash position, the Company is actively exploring new business opportunities and is in discussions with potential investors regarding fundraising
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