Datasonic Group Berhad 22 Management Discussion & Analysis Like the rest of the world, Datasonic experienced its fair share of breakthroughs and challenges throughout the financial year ended 31 March 2022 (“FY2022”), yet positive developments outweighed the negatives. Early signs of healthy recovery were apparent as the team delivered improved results in the fourth quarter (“4QFY2022”) of FY2022. This brought FY2022 profit attributable to the owners of the Company (“net profit”) to RM10.2 million, on the back of RM136.4 million revenue. More excitingly, this has set us up nicely for an exciting FY2023, where the reopening of borders and our country’s transition to endemicity would propel Datasonic to a better position and greater financial performance. BUSINESS REVIEW The operating environment has been taxing as the world continued to grapple with the effects of the COVID-19 pandemic. The health crisis turned into an economic crisis that has been and continued to be detrimental to many businesses worldwide. Likewise, Datasonic has not been spared by the impact arising from the various forms of movement control orders (“MCO”) implemented to curb the pandemic. The third MCO (“MCO 3.0”) and the Full MCO (“FMCO”) brought many industries and businesses to a halt. This led to the temporary closure and shortened working hours at Government agencies, which affected the demand for Malaysia National ID (“MyKad”) and its consumables as well as passport issuance to the public. This was just a temporary setback for Datasonic, as the orders for smart cards have begun to recover towards the end of FY2022, in line with the economic recovery. The Coronavirus disease (“COVID-19”) continued to dominate headlines in 2021 as the world entered into the second year of the pandemic. The world began 2021 on a better footing and higher optimism as global inoculation campaigns sparked hopes of a return to pre-COVID-19 normalcy, but enthusiasm subsided over the course of the year as new variants, geopolitical tensions, and supply chain woes popped up. Nonetheless, signs of economic recovery were still present, albeit at an uneven pace. WAN ZALIZAN BIN WAN JUSOH Dear Esteemed Shareholders,
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