Real Estate Management and Development
Company Overview of Paramount Corporation Berhad
Paramount Corporation Berhad, an investment holding company, is engaged in the property development and investment, construction, and education businesses in Malaysia. It develops residential and commercial properties; constructs buildings; provides project management and engineering services; and is engaged in infrastructure, high-rise, school, and other public works. The company also operates private educational institutions, including college campuses in Damansara Jaya and Penang, which offers a range of degree, academic, professional, and commercial courses; and private schools that provide primary and secondary education services, as well as offers executive education and professional d...
1, Jalan SS21/58
Petaling Jaya, 47400
Founded in 1969
Key Executives for Paramount Corporation Berhad
Deputy Executive Chairman
Total Annual Compensation: $1.8M
Compensation as of Fiscal Year 2013.
Paramount Corporation Berhad Key Developments
Paramount Corporation Berhad Announces Interim Dividend, Payable on September 17, 2014
Aug 14 14
Paramount Corporation Berhad announced interim single tier dividend of 2.5 sen per share for the year ending December 31, 2014, payable on September 17, 2014. The ex-date is August 28, 2014, and entitlement date is September 02, 2014.
Paramount Corporation Berhad Reports Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended June 30, 2014
Aug 14 14
Paramount Corporation Berhad reported unaudited consolidated earnings results for second quarter and six months ended June 30, 2014. For the quarter, the company’s revenue was MYR 133.2 million against MYR 142.5 million for same period a year ago. Operating profit was MYR 23.9 million against MYR 15.3 million for same period a year ago. Profit before tax was MYR 24.8 million against MYR 15.9 million for same period a year ago. Profit attributable to owners of the company was MYR 18.2 million against MYR 10.7 million for same period a year ago. Basic EPS attributable to owners of the parent was 5.38 sen against 3.16 sen a year ago. Property, plant and equipment additions were MYR 43.7 million. The decrease in revenue was due to the Property Division's construction segment winding down its external projects to focus on internal projects. The increase in profit before tax was due to higher PBT recorded by both the Property and Education Divisions. EBITDA was MYR 27.9 million against MYR 19.2 million a year ago.
For the six months, the company’s revenue was MYR 232.0 million against MYR 253.0 million for same period a year ago. Operating profit was MYR 46.8 million against MYR 35.6 million for same period a year ago. Profit before tax was MYR 48.6 million against MYR 36.3 million for same period a year ago. Profit attributable to owners of the company was MYR 37.7 million against MYR 25.4 million for same period a year ago. Basic EPS attributable to owners of the parent was 11.17 sen against 7.53 sen a year ago. Net cash generated from operating activities was MYR 8.7 million against MYR 1.6 million a year ago. Purchase of property, plant and equipment was MYR 65.7 million against MYR 27.0 million a year ago. EBITDA was MYR 55.0 million against MYR 43.2 million a year ago. ROE was 5.2% against 3.6% a year ago.
Paramount Corporation Berhad Announces Re-Designation of Ong Keng Siew as Independent Non-Executive Director
Aug 14 14
Paramount Corporation Berhad announced the Mr. Ong Keng Siew has been re-designated as an independent non-executive director from non-independent non-executive director with immediate effect. Mr. Ong has served the Group in various positions for more than 30 years before retiring in 2012.
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