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Paramount 3Q net profit down 81%

In a filing to Bursa Malaysia, Paramount said its revenue grew by 12% year-on-year (y-o-y) to RM210.53 million from RM187.84 million on higher contribution from the property division.

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Paramount 3Q net profit drops 81% to RM15.62m

Segmentally, its property division’s pre-tax profit increased 88% to RM28.1 million from RM14.9 million a year earlier, contributed by Utropolis Glenmarie’s serviced apartments in Shah Alam and Utropolis Batu Kawan’s residential and commercial developments.

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Don’t lie, Amar Singh tells Justo

“Our investigations were focused on the alleged theft of data relating to PetroSaudi and 1MDB, and the subsequent attempt to sell/extort to/from third parties with an intent to affect the security of the country, not on your character or who is the best prime minister," he said.

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Revised 11MP lauded but execution remains key

The plan is now more pragmatic and realistic — economists. Some point out that the government’s intention to strengthen the procurement framework by encouraging competition to avoid contract monopolies and direct negotiations could also help in lowering expenses.

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