After a Loss in Q2, Is The Worst Over For Paramount?
Jeffrey Chew, Group CEO, Paramount Corporation Berhad
Even though property is a favoured asset in Malaysia, it was not spared by the pandemic. The property market declined in the first half of 2020, with the number of transactions falling 28% as value of those transactions fell 32% on-year to RM47 billion.
In line with that, property player Paramount Corp’s saw earnings swing to a loss as revenue fell 70% on-year in the second quarter.
Is the worst over for Paramount?
Produced by: Sim Wie Boon
Presented by: Roshan Kanesan
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