September 22, 2017 12:42 AM ET

Real Estate Management and Development

Company Overview of Paramount Corporation Berhad

Company Overview

Paramount Corporation Berhad, an investment holding company, engages in property development and education businesses in Malaysia. It operates through three segments: Property, Education, and Investment and Others. The company develops and constructs residential and commercial properties; invests in and manages properties; and provides management services, as well as operates as a building and engineering contractor. It also operates club houses and car parks; and private educational institutions that offer national and international, primary and secondary school curricula, and tertiary and post-graduate programs. The company was formerly known as Malaysia Rice Industries Berhad and changed ...

Uptown 1

Level 8

1 Jalan SS21/58

Damansara Uptown

Petaling Jaya,  47400

Malaysia

Founded in 1969

1,439 Employees

Phone:

60 3 7712 3333

Fax:

60 3 7712 3322

Key Executives for Paramount Corporation Berhad

Chief Executive Officer and Executive Director
Age: 51
Total Annual Compensation: 1.9M
Chairman
Age: 68
Total Annual Compensation: 1.4M
Compensation as of Fiscal Year 2016.

Paramount Corporation Berhad Key Developments

Paramount Corporation Berhad Announces Resignation of Tay Lee Kong as Company Secretary

Paramount Corporation Berhad announced resignation of Tay Lee Kong as Company Secretary effective from September 18, 2017.

Paramount Corporation Berhad Announces Single Tier Interim Dividend for the Year Ended December 31, 2017, Payable on September 28, 2017

Paramount Corporation Berhad announced the single tier interim dividend of 2.5 sen per ordinary share for the financial year ended December 31, 2017. EX-date is September 7, 2017. Entitlement date is September 11, 2017. Payment date is September 28, 2017.

Paramount Corporation Berhad Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017; Provides Earnings Guidance or 2017

Paramount Corporation Berhad announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported revenue was MYR 184,555,000 against MYR 145,306,000 a year ago. Operating profit was MYR 27,643,000 against MYR 33,077,000 a year ago. Profit before tax was MYR 24,689,000 against MYR 32,870,000 a year ago. Profit attributable to ordinary equity holders of the company was MYR 14,674,000 against MYR 23,912,000 a year ago. Diluted earnings per share of 3.34 sen against 5.52 sen a year ago. Purchase of property, plant and equipment was MYR 12,523,000. The group recorded significantly higher revenue an increase of 27% compared with the corresponding quarter last year with higher contribution from both the property and education divisions. For the six months, the company reported revenue was MYR 327,495,000 against MYR 258,635,000 a year ago. Operating profit was MYR 47,861,000 against MYR 52,952,000 a year ago. Profit before tax was MYR 42,991,000 against MYR 52,985,000 a year ago. Profit attributable to ordinary equity holders of the company was MYR 22,966,000 against MYR 33,602,000 a year ago. Diluted earnings per share of 5.23 sen against 7.76 sen a year ago. Net cash generated from operating activities was MYR 9,612,000 against MYR 22,932,000 a year ago. Purchase of property, plant and equipment was MYR 21,700,000 against MYR 6,915,000 a year ago. The Group is expected to deliver better results for 2017.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 11, 2017
REAL Education Group Sdn Bhd
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