Hello fellow Malaysian retail investors!
Today, we’re diving into the latest financial report from PARAMOUNT CORPORATION BERHAD for the first quarter ended 31 March 2025. This report offers a fresh look at the company’s performance, revealing some impressive growth figures while also shedding light on the evolving market landscape and strategic moves. Get ready to unpack the key takeaways and understand what these numbers mean for Paramount’s journey ahead.
Paramount’s Q1 2025 Performance: A Snapshot of Growth
Paramount Corporation Berhad has kicked off 2025 with a strong first quarter, demonstrating significant improvements across key financial metrics. The company reported a notable increase in revenue and profit before tax, primarily fueled by robust performance in its property segment.
Key Financial Highlights (Q1 2025 vs Q1 2024)
Revenue
RM217.8 million
(Up 26% from RM172.6 million)
Profit Before Tax (PBT)
RM22.6 million
(Up 33% from RM17.0 million)
Profit Attributable to Ordinary Equity Holders
RM14.4 million
(A significant 87% increase from RM7.7 million)
Basic Earnings Per Share (EPS)
2.32 sen
(Up 87% from 1.24 sen)
These figures clearly indicate a healthy growth trajectory compared to the same period last year, with profit attributable to shareholders and basic EPS nearly doubling.
Deeper Dive into Business Segments
Let’s break down how each segment contributed to Paramount’s overall performance:
Property Segment: The Driving Force
The property division continues to be Paramount’s main engine of growth. In Q1 2025, the segment’s revenue surged by 27% to RM205.9 million (from RM161.8 million in Q1 2024). This impressive growth translated into a 40% jump in Profit Before Tax for the segment, reaching RM32.2 million.
What’s behind this strong performance? The report highlights increased product offerings. The company sold properties with a Gross Development Value (GDV) of RM230 million, a remarkable 128% increase compared to RM101 million in Q1 2024. Key contributors to these sales include The Ashwood at U-Thant in Kuala Lumpur, The Atera in Selangor, and the newly launched Paramount Embun Hills in Penang.
Coworking Segment: Expanding Footprint
Paramount’s coworking segment saw its revenue grow by a substantial 75% to RM6.6 million (from RM3.8 million in Q1 2024). This was largely driven by improvements from Scalable Malaysia and Co-labs Coworking. However, despite higher revenue, the segment recorded a loss before tax (LBT) of RM0.5 million, similar to the previous year’s loss of RM0.5 million. This was primarily due to rental costs for the new NU Sentral space, which only commenced operations in Q2 20
