Paramount’s 3Q net profit leaps by 100 times on sale of DJ Campus and strong property division improvement
Paramount’s property division recorded revenue of RM225.
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.
KUALA LUMPUR (Sept 6): While Paramount had returned to the black in its second quarter ended June 30, 2021 (2QFY21), the group, which has joined a consortium to bid for a digital banking licence, said it is expecting its financial performance to be hampered in the subsequent quarter amid the Covid-19 pandemic and the ensuing lockdowns.
Even when the pandemic subsides and the working population goes back to offices, there is a heightened awareness about the possibility of another viral outbreak if people let their guards down.