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Paramount 1Q profit rise 10% to RM14.7m

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Paramount 1Q profit rise 10% to RM14.7m Empty Paramount 1Q profit rise 10% to RM14.7m

Post by Cals Wed 22 May 2013, 19:56

Paramount 1Q profit rise 10% to RM14.7m
Business & Markets 2013
Written by Zatil Husna of theedgemalaysia.com
Wednesday, 22 May 2013 19:49


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KUALA LUMPUR (May 22): PARAMOUNT CORPORATION BHD []'s first quarter net profit increased by 10.02% compared to its previous corresponding quarter due to higher revenue from Sri KDU international school.

In a filing to the exchange, the group, which undertakes property development, CONSTRUCTION [] and education recorded a net profit of RM14.7 million, an increase from RM13.4 million in the corresponding quarter.

The group’s revenue stood at RM110.5 million, a 5.9% rise from RM104.2 million.

Earnings per share also increase to RM4.37 from RM3.97 in the previous consequent quarter.
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