Paramount earnings goes up 70%

PETALING JAYA: Paramount Corp Bhd’s second quarter net profit soared 70% to RM23.9mil from RM14.1mil a year earlier, on higher contribution from its property division and higher student enrolments at its KDU University College.

Revenue for the quarter ended June 30, 2016 rose 26% to RM145.3mil compared to RM115.3mil previously, the company told Bursa Malaysia in a filing yesterday. Paramount announced an interim single tier dividend of 2.5 sen for the financial year ending Dec 31, 2016 (FY16).