Paramount Corporation Berhad Reports Earnings Results for the First Quarter Ended March 31, 2023

Paramount Corporation Berhad is a Malaysia-based investment holding company. The Company's segments include Property, Coworking, and Investment and others. The Property segment is engaged in the development and construction of residential and commercial properties and property investment of retail and car parks. It is engaged in the operation of coworking spaces and incubator-related services. The Investment and others segment is engaged in investment holding, provision of Company-level corporate services and property investment of campus buildings. Its workspace solutions provider, Paramount Coworking, offers a network of coworking spaces in the Klang Valley under the brand, Co-labs Coworking, and design, build and manage services under the brand of Scalable Malaysia. The Company owns the four-star business hotel Mercure Kuala Lumpur Glenmarie in Shah Alam, which is managed by French hospitality company Accor, as well as Dewakan restaurant. It has also invested in digital enterprises.