PETALING JAYA: Paramount Corporation Bhd
remains cautiously optimistic on its outlook despite softer market conditions and slower property launch activities in the first quarter ended Mar 31, 2026 (1QFY26).
The group posted revenue of RM152.2mil compared with RM216.5mil a year earlier, while profit before tax (PBT) declined to RM18.6mil from RM22.6mil previously.
However, profit attributable to equity holders remained stable and flat at RM14.4mil.
Group chief executive officer Jeffrey Chew said in a statement its fundamentals remained intact, supported by healthy unbilled sales, strategic land banking and its diversified business portfolio.
Paramount’s unbilled sales stood at RM1.5bil as at Mar 31, providing earnings visibility and cashflow support in the near term, it said.
The property segment remained the group’s main earnings contributor, recording revenue of RM140.1mil and PBT of RM22.6mil.
The lower performance was mainly attributed to slower revenue recognition from projects still in early construction stages and softer sales amid economic and geopolitical uncertainties.
The group achieved RM152mil in property sales during the quarter, driven mainly by projects such as The Atera in Petaling Jaya, Bukit Banyan in Kedah and Sejati Residences in Cyberjaya.
Moving forward, Paramount expects launch activities to strengthen in the second half of 2026, including its new developments in Kulim, Kedah, Shah Alam and Kuala Lumpur’s U-Thant enclave.
The group has also signed five land purchase agreements involving 78.3 acres with an estimated gross development value of RM3bil to support its future development pipeline.
