Property developer Paragon Globe Bhd (PGB) announced a 2089.4% increase in net profit for Q2 FY25, reaching RM9.1 million. Revenue surged to RM61.1 million, a 257.4% year-on-year increase, bolstered by robust sales in key locations. The company's optimistic outlook is supported by strategic partnerships and upcoming projects.
Property developer Paragon Globe Bhd (PGB) reported a significant rise in net profit to RM9.1 million for the second quarter (Q2) ending March 31, 2025, marking a 2089.4% increase from the same period last year. Revenue climbed to RM61.1 million, a YoY increase of 257.4%, driven primarily by strong sales in Desa Cemerlang and Pekan Nenas , Johor. CEO Datuk Sri Edwin Tan Pei Seng attributed the success to strategic focus on high-value projects and effective market navigation.
PGB’s cumulative six-month revenue for FY25 surged by 220.4% to RM84.1 million, with a net profit of RM14.8 million, reversing the net loss in the first half of FY24. Upcoming partnerships and the launch of PGB Tech Park in Nusajaya, scheduled for Q1 2026, aim to drive further growth and innovation
Paragon Globe Bhd Net Profit Revenue Growth Q2 FY25 Property Development Desa Cemerlang Pekan Nenas
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