PETALING JAYA: Property and education company Paramount Corp Bhd posted an almost eight-fold increase in net profit to RM85.76mil for the third quarter ended Sept 30, 2017compared to the same quarter a year ago, thanks to gain on disposal of asset.
The company said in an announcement to Bursa Malaysia that the completion of the sale and leaseback agreement with Alpha REIT to dispose of the Sri KDU campus under its asset-light strategy generated a gain on disposal of RM77.8mil.
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