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Thursday, 24 May 2018

(The Star) Paramount net profit rises

KUALA LUMPUR: Paramount Corp Bhd’s net profit rose to RM13.18mil for the first quarter ended March 31, from RM11.96mil recorded in the same period last year.

Revenue increased to RM162.25mil from RM144.1mil previously due to higher contributions by the education division which helped offset lower revenue from the property division.

In a statement, Paramount group chief executive officer Jeffrey Chew said its education arm turned in a satisfactory set of results despite the stiff competition in the education industry.

“Being one of the largest education providers, we will maintain our focus on delivering quality education,” he said. — Bernama