After a Loss in Q2, Is The Worst Over For Paramount?

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?