PGB Eyes Strong Growth from Industrial and Residential Developments After Record Profit Year

23/06/2025 12:24 PM

KUALA LUMPUR, June 23 (Bernama) -- Johor-based property developer Paragon Globe Berhad (PGB) is positioning itself for sustained growth in the industrial and residential sectors, supported by strategic projects and Johor’s buoyant economic prospects, following a record-breaking financial performance in its recently concluded financial year.

For the financial year ended March 31, 2025, PGB achieved a remarkable net profit of RM105.6 million, reversing a previous year’s net loss of RM1.2 million. Revenue surged to RM306.3 million from RM51 million the year before, primarily driven by strategic land disposals and robust industrial property sales.

 

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