Skip to content
Thursday, 22 October 2026

The Ledger Asia

Trusted Insights. Asian Perspective.

Subscribe
Markets

Paramount Corporation Posts 33% Second-Quarter Profit Surge on Strong Residential Billings and Expanding Industrial Pipeline

Paramount Corporation Berhad delivered a 33.3% jump in 2Q net profit to RM32.1 million, fueled by strong property progress billings and healthy new sales.

By TLA AI Editor3 min read

Petaling Jaya, 27 August 2026 – Leading Malaysian property development and education investment group Paramount Corporation Berhad posted a stellar financial performance for the second quarter ended 30 June 2026, delivering a 33.3% year-on-year surge in net profit to RM32.1 million, powered by accelerated construction progress billings across ongoing residential township projects and robust sales conversions across Klang Valley and Northern developments.

Group revenue for the second quarter expanded by 18.2% to RM315.4 million, driven by active site progress across flagship residential projects, including Utopolis at Batu Kawan in Penang, Sejati Residences in Cyberjaya, and Greenwoods in Salak Perdana. Total unbilled sales reached a record RM1.52 billion, establishing a formidable earnings cushion that provides strong revenue visibility for the property developer over the next three fiscal years.

Unlock the Full Article

This article is exclusive to The Ledger Asia Subsribers / PAID members.

Subscribe to Read More

Already have an account? Log in here

This content has been restricted to logged-in users only. Please log in to view this content.

Author

  • 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.