Paramount Q2 earnings 134% higher on disposal of land


Scomi Group Bhd surprised investors when it proposed to revise its current issued share capital reduction from RM224.96mil to RM3mil from the earlier RM40mil.

PETALING JAYA: Paramount Corp Bhd’s net profit for the second quarter to June 30, 2018 jumped 133.92% to RM42.3mil mainly attributable to the disposal of 9.4 acres of industrial land in Kota Damansara (KD). Without this contribution, profits would have been slightly lower.

Earnings per share jumped to 9.88 sen from 4.28 sen.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Parramount , results , KD

   

Next In Business News

Chiew Ho Foundation becomes substantial shareholder in AYS Ventures with 57.27% stake
Atlan expects challenging business environment ahead
Bank Islam, Solar Voltech ink RM105.2mil solar financing agreement
Yinson Production secures US$1bil investment from consortium of international investment firms
Oriental Kopi IPO oversubscribed by 59.96 times
FBM KLCI finishes 0.58% lower, hitting six-month low
Sunway Property appoints Chung Soo Kiong as new managing director
StanChart forecasts ringgit to strengthen to 4.40 against US dollar by end-2025
China Dec new bank loans rise to 990 bln yuan, beating expectations
Malaysia’s 2025 growth steady at 5.0%, ringgit outlook positive

Others Also Read