Paramount Corporation Bhd 2020 AR2
The report highlights Paramount Corporation Berhad's performance in 2020, during which the company achieved a record net profit of RM502.7 million, largely driven by a non-recurring gain of RM462.7 million from the divestment of its pre-tertiary education business. Despite construction disruptions caused by the COVID-19 pandemic, property sales reached a record high in the third quarter of 2020, and unbilled sales crossed the RM1 billion mark. On the sustainability front, the company achieved green certifications for Phase 1 and Phase 2 of Utropolis Batu Kawan and the new Sri KDU International School building in Klang. Additionally, the company implemented its Anti-Bribery and Corruption Policy and Guidelines and contributed RM500,000 to support healthcare workers during the pandemic.
Company: Paramount Corporation Bhd
Sector: Financials
Country: Malaysia
Year: 2020
Type: AR2
Pages: 240
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Paramount Corporation Bhd
Annual Report
The report highlights Paramount Corporation Berhad's performance in 2020, during which the company achieved a record net profit of RM502.7 million, largely driven by a non-recurring gain of RM462.7 million from the divestment of its pre-tertiary education business. Despite construction disruptions caused by the COVID-19 pandemic, property sales reached a record high in the third quarter of 2020, and unbilled sales crossed the RM1 billion mark. On the sustainability front, the company achieved green certifications for Phase 1 and Phase 2 of Utropolis Batu Kawan and the new Sri KDU International School building in Klang. Additionally, the company implemented its Anti-Bribery and Corruption Policy and Guidelines and contributed RM500,000 to support healthcare workers during the pandemic.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Total Waste
Workplace Fatalities
Employees