December 20, 2014 3:53 AM ET

Real Estate Management and Development

Company Overview of Paramount Corporation Berhad

Company Overview

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...

Uptown 1

Level 8

1, Jalan SS21/58

Damansara Uptown

Petaling Jaya,  47400

Malaysia

Founded in 1969

Phone:

60 3 7712 3333

Fax:

60 3 7712 3322

Key Executives for Paramount Corporation Berhad

Deputy Executive Chairman
Age: 65
Total Annual Compensation: $1.8M
Compensation as of Fiscal Year 2013.

Paramount Corporation Berhad Key Developments

Paramount Corporation Berhad Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Paramount Corporation Berhad reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of MYR 120,371,000 compared to MYR 123,633,000 a year ago. Operating profit was MYR 19,670,000 compared to MYR 17,031,000 a year ago. Profit before tax was MYR 20,598,000 compared to MYR 17,482,000 a year ago. Profit for the period was MYR 16,247,000 compared to MYR 13,715,000 a year ago. Profit attributable to ordinary equity holders of the company was MYR 14,635,000 compared to MYR 13,715,000 a year ago. Basic earnings per share were 3.64 sen compared to 3.81 sen a year ago. Net assets per share was MYR 1.99 as of September 30, 2014. For the nine months, the company reported revenue of MYR 352,387,000 compared to MYR 376,630,000 a year ago. Operating profit was MYR 66,512,000 compared to MYR 52,625,000 a year ago. Profit before tax was MYR 69,203,000 compared to MYR 53,783,000 a year ago. Profit for the period was MYR 53,988,000 compared to MYR 39,147,000 a year ago. Profit attributable to ordinary equity holders of the company was MYR 52,376,000 compared to MYR 39,147,000 a year ago. Basic earnings per share were 13.99 sen compared to 10.87 sen a year ago. Net cash generated from operating activities was MYR 43,009,000 compared to net cash used in operating activities of MYR 9,495,000 a year ago. Purchase of property, plant and equipment was MYR 124,560,000 compared to MYR 39,066,000 a year ago. Increase in land held for development was MYR 47,934,000 compared to MYR 7,982,000 a year ago.

Paramount Corporation Berhad Announces Interim Dividend, Payable on September 17, 2014

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

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.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 10, 2014
36 Acres of Land At Machang Bubuk
Merger/Acquisition
March 25, 2014
20.31 Acres of Land At Batu Kawan
 

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