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After a Loss in Q2, Is The Worst Over For Paramount?

Jeffrey Chew, Group CEO, Paramount Corporation Berhad

28-Sep-20 08:05

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After a Loss in Q2, Is The Worst Over For Paramount?

Even though property is a favoured asset in Malaysia, it was not spared by the pandemic. The property market declined in the first half of 2020, with the number of transactions falling 28% as value of those transactions fell 32% on-year to RM47 billion.

In line with that, property player Paramount Corp’s saw earnings swing to a loss as revenue fell 70% on-year in the second quarter.

Is the worst over for Paramount?

Produced by: Sim Wie Boon

Presented by: Roshan Kanesan


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Categories:  PropertyBusiness AnalysisSocial Issues

Tags:  Paramount CorpProperty MarketOPRInterest RatesLand BankGross Development ValueUnbilled Sales


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