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Paramount plans RM570mil landed residential project in Cyberjaya

During the quarter in review, the car distributor registered a net profit of RM32.82mil compared with RM19.43mil in the corresponding period last year. Consequently, its earnings per share jumped to 8.4 sen from 4.97 previously

KUALA LUMPUR: Paramount Corp Bhd is buying 41.4 acres of land in Cyberjaya for RM149.7mil, which the company plans to develop into a high-end gated residential project.

The gross development value (GDV) of the project is estimated at RM570mil over six years, the company said in a filing with Bursa Malaysia today.

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