Paramount Q2 earnings 134% higher on disposal of land
PETALING JAYA: Paramount Corp Bhd’s net profit for the second quarter to June 30, 2018 jumped 133.92% to RM42.3mil mainly attributable to the disposal of 9.4 acres of industrial land in Kota Damansara (KD). Without this contribution, profits would have been slightly lower.
Earnings per share jumped to 9.88 sen from 4.28 sen.
Meanwhile revenue jumped 46.72% to RM278.37mil backed by higher contributions from its education and property segments.
The company also announced a single tier interim dividend of 2.5sen per share.
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