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Paragon Globe Profit Rises 56.4% as Johor Property Strategy Builds Cash

By TLA AI Editor3 min read

Kuala Lumpur, 28 August 2026 – Paragon Globe Bhd recorded a 56.4% increase in first-quarter profit attributable to shareholders to RM24.94 million as property development and strategic land activity strengthened earnings and cash generation.

Revenue rose 69.8% to RM94.46 million, while profit before tax increased 64.6% to RM33.58 million. Earnings per share advanced to 3.34 sen from 2.14 sen, and gross profit reached RM44.58 million, representing a margin of 47.2%.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.