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.
Boon Lee joined IGB Corp as an executive director in June 2003, and assumed the role of the CEO of Tan & Tan Developments Bhd from January 2008 until he relinquished the post in January 2019.
"The increase in the gross profit margin was due to the downsizing and disposal of loss-making companies, project management fees generated from property development division, higher volumes of wall panels and AAC (autoclaved aerate concrete) blocks sold to the projects in Singapore .
The one-and-a-half-month renovation work involved painting, fixing and replacing new roofing, providing a well-equipped toilet and installing a septic tank with underground piping, repairing external timber walls and replacing them with cement sand board, installing precast concrete drain and chain link fencing with gate.
Tropicana said barring any unforeseen circumstances, the proposed private placement is expected to be completed by the second quarter of 2023.
BLand's improved revenue was also driven by increase in overall occupancy rates by the hotels and resorts business segment, increase in property progress billings by property and investment business segment from its project at The Tropika in Bukit Jalil as well as higher new car sales reported by HR Owen.
At the operating level, Tropicana recorded profits of RM61.
“Based on my research, I understand that the goal of EdgeProp is to provide consumers with the information they need to make better real estate decisions, by fusing real estate listings with the most recent news, information on home prices, local knowledge, and cutting-edge tools.
KLK's net profit dropped 26% year-on-year to RM462.
The tourism-related property developer saw earnings per share of 0.