News

Paramount Maintains Positive Outlook from Improved Performance
Paramount Maintains Positive Outlook from Improved Performance

PARAMOUNT Corporation Berhad (Paramount) posted RM5.024 million net profit for the quarter of the year from RM2.297 million a year ago. Its revenue increased to RM168.1 million as compared to RM151.8 million posted in 1Q21. Its property division for 1Q22 revenue was RM163.9 million, a 10% increase compared to that of the same period last year […]

Paramount Property Bucks the Trend with Jalan Ampang Project
Paramount Property Bucks the Trend with Jalan Ampang Project

Going against the grain can be challenging, especially in today’s market conditions, but Paramount Property Development Sdn Bhd is not afraid to do the unconventional. Instead of demolishing the 20-storey Ambassador Row Hotel Suites by Lanson Place in Jalan Ampang, it decided to keep the structure and renamed it The Atrium. “We repurposed and rejuvenated […]

Paramount Lancar Projek Hartanah di Bukit Banyan
Paramount Lancar Projek Hartanah di Bukit Banyan

KUALA LUMPUR: Pemaju hartanah, Paramount Property (Paramount), melancarkan dua projek hartanah kediaman dan satu projek hartanah komersil dengan jumlah keseluruhan nilai pembangunan kasar (GDV) RM136.7 juta yang terletak di perbandaran Bukit Banyan di Sungai Petani, Kedah. Dua projek hartanah kediaman itu ialah Fasa 7 – Bukit Banyan Sierra 3 Elegant, rumah berkembar berkeluasan 40×85 dan […]

Paramount Invests RM10mil in e-commerce Ecosystem Commerce.Asia
Paramount Invests RM10mil in e-commerce Ecosystem Commerce.Asia

KUALA LUMPUR: Paramount Corp Bhd has invested RM10mil in e-commerce venture Commerce DotAsia Ventures Sdn Bhd (Commerce.Asia), in line with its strategy to diversify its revenue stream. In a statement, the group said the investment was made via its wholly-owned investment vehicle Magna Intelligent Sdn Bhd and Magna’s 30%-owned associate Omegaxis Sdn Bhd, which owns […]

Paramount Ends FY2021 with RM70.3 mil PBT, Stays Resilient
Paramount Ends FY2021 with RM70.3 mil PBT, Stays Resilient

Petaling Jaya, 25 February 2022: Despite the strong headwinds brought about by the prolonged pandemic, Paramount Corporation Berhad (‘Paramount’ or ‘the Group’) ended FY2021 with a revenue of RM681.4 million, which was 15% higher than RM593.6 million in the last financial year, supported by the strong performance of its property division in the fourth quarter. The […]

Paramount May Hold Up to 30% Stake in Consortium Bidding for Digital Banking Licence
Paramount May Hold Up to 30% Stake in Consortium Bidding for Digital Banking Licence

KUALA LUMPUR (Sept 6): Paramount Corp Bhd intends to hold up to a 30% stake in the consortium that is bidding for one of five digital banking licences which Bank Negara Malaysia (BNM) will be granting next year.  Speaking at the virtual briefing, Paramount group chief executive officer (CEO) Jeffrey Chew noted that each member […]

Paramount Corp Expects Better Sales in 2H21 as Lockdown Eases
Paramount Corp Expects Better Sales in 2H21 as Lockdown Eases

KUALA LUMPUR: Property developer, Paramount Corporation Bhd, expects to achieve better sales performance in the second half of this year (2H2021) compared with 1H2021 as lockdowns to curb the COVID-19 pandemic eases and the vaccination rate rises. Group chief executive officer Jeffrey Chew Sun Teong said the group has more ongoing property development projects in […]

Paramount Buys Cyberjaya Land for RM102.7 million to Grow Sejati ‘series’, Leveraging on Strong Brand
Paramount Buys Cyberjaya Land for RM102.7 million to Grow Sejati ‘series’, Leveraging on Strong Brand

PETALING JAYA, 1 September 2021: Paramount Corporation Berhad (Paramount) is acquiring 32.7 acres (13.3 ha) of freehold land with a lake view in Cyberjaya to grow its series of award-winning and highly popular Sejati branded homes. Utropolis Sdn Bhd, a wholly owned subsidiary of Paramount, has entered into a sale and purchase agreement with Makmur Asiamaju […]

Paramount Posts Profits for 2Q2021 Against Losses Last Year, Doubles Revenue
Paramount Posts Profits for 2Q2021 Against Losses Last Year, Doubles Revenue

PETALING JAYA, 27 August 2021: Paramount Corporation Berhad (Paramount) recorded a profit before tax (PBT) of RM10.2 million for 2Q2021 and a profit attributable to ordinary equity holders of RM1.6 million on the back of the Group’s revenue doubling to RM127.4 million (2Q2020: RM64.2 million). This was a marked improvement from a loss before tax (LBT) […]