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Property sales to drive Paramount profit higher in 2H

Mimi Sabreena 9:02:00 AM Informasi

KUALA LUMPUR: At first glance, Paramount Corp Bhd has not had a good start to 2017. Net profit fell 32% year-on-year (y-o-y) to RM23 million in the first half ended June 30, 2017 (1HFY17), despite a 27% increase in revenue.

But a combination of one-offs has disguised a sharp rebound in the group’s property sales, which will translate into strong earnings in coming quarters.

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