Paramount posts lower net profit in 1Q

KUALA LUMPUR (May 24): Paramount Corp Bhd achieved sales of RM227 million in the first quarter ended March 31, 2018 (1QFY18), but reported a slight drop in first-quarter net profit to RM6.

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MQREIT to dispose of property for RM28 million

KUALA LUMPUR (Jan 8): MRCB-Quill REIT (MQREIT) has announced that Maybank Trustees Bhd — as a trustee for and on behalf of MQREIT — has signed a sale and purchase agreement with Transmark Corporation Sdn Bhd for the disposal of a warehouse-cum-office building for RM28 million cash.

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Paramount plans more launches after missing 2016 target

KUALA LUMPUR (Dec 13): It has been a relatively quiet year for Paramount Corp Bhd, which initially targeted some RM770 million worth of property launches this year but only achieved RM90 million of that so far as most of its projects were deferred, not surprisingly, due to the soft property market.

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