Paramount On Strong Footing, Set For Multi-Year Growth
PETALING JAYA: Paramount Corp Bhd (PCB) is expected to sustain multi-year growth with property sales, asset monetisation and investment in digital enterprises as the catalysts. “With record unbilled sales of RM1.2bil and annual property sales of over RM1bil from financial year 2022 (FY22) onwards, the group is expected to post a core earnings compounded annual […]
Paramount Shows Improved Financial Performance,
Declares 2.5 sen Interim Dividend
Petaling Jaya, 26 August 2022: Paramount Corporation Berhad (Paramount) reported a 2Q2022 revenue of RM202.4 million (2Q2021: RM127.4 million) and a profit before tax (PBT) of RM15.6 million (2Q2021: RM10.2 million), which are 59% and 53% higher respectively, compared to the same period last year. Hence, the profit attributable to ordinary equity holders of the company […]
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
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
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
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
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
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
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 […]
