Johor: 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.

According to BERNAMA News Agency, PGB’s leadership attributes this significant turnaround to a focused approach on key developments in Johor, taking advantage of the region’s thriving economic environment. The company’s strategic land disposals and strong performance in industrial property sales have played a critical role in boosting revenue, setting a strong foundation for future projects.

PGB is now looking to expand its footprint within the industrial and residential markets, eyeing further development opportunities that align with its growth strategy. The company’s leadership remains optimistic about the potential for continued success, leveraging Johor’s economic development to drive further growth and profitability.