Group chief executive director and executive director Jeffrey Chew Sun Teong said the 10% targeted sales growth is “conservative”, considering weaker market sentiment this year compared to last year amid concerns over high inflation and economic prospects.
Teo joined Paramount’s board as an executive director in August 2019, before being appointed as deputy group CEO in September 2021.
Paramount’s property division recorded revenue of RM225.
Paramount, whose core business is in property development, holds 30.
Its group chief executive officer Jeffrey Chew Sun Teong said that although the lingering economic uncertainties due to higher interest rate and inflation have dented buyer sentiment in general, new property launches planned for the rest of the year extend the group a stronger earnings prospect.
Paramount's property division recorded a 57% revenue jump to RM197 million from RM125.
KUALA LUMPUR (May 30): Property developer Paramount Corp Bhd's net profit for the first quarter ended March 31, 2022 (1QFY22) jumped to RM5.
SHAH ALAM (March 4): Property developer Paramount Corp Bhd has finally revealed its digital banking plans which include same-day loan disbursement and banking product embedment with property transactions, as applications for Bank Negara Malaysia's (BNM) five digital banking licences enter their final stage of approval.
KUALA LUMPUR (Feb 28): Paramount Corp Bhd's net profit for the fourth quarter ended Dec 31, 2021 (4QFY21) surged almost seven-fold to RM24.
KUALA LUMPUR (Nov 30): Paramount Corp has proposed to dispose of a 4.
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