KUALA LUMPUR: Property developer Paramount Corp Bhd has set its sights on project launches totalling between RM1 billion and RM1.5 billion in financia...
Property developer Paramount Corp Bhd has set its sights on project launches totalling between RM1 billion and RM1.5 billion in financial year 2024
“We need a turnover of at least RM1 billion ... We took about six or seven years to achieve that. So now, we are at the RM1 billion level, and for us, we need a growth of about RM1 billion to RM2 billion . Definitely, we will grow ... for us to reach RM1.4 billion , we need revenue of RM1 billion plus . This means our sales launches have to exceed a billion ,” he said during Paramount H1 ‘23 financial results presentation.
Looking ahead in its property division, riding on the strong sales momentum achieved, the group targets to launch RM700 million worth of properties in the second half of the year, anchored by The Ashwood at the prestigious U-Thant enclave, Kuala Lumpur .
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