KUALA LUMPUR (Nov 27): BLD Plantation Bhd's net profit fell 72% to RM5.09 million in the third quarter ended Sept 30, 2014, from RM18.4 million a year earlier. Profit fell on lower income from downstream palm oil refining operations.

In a statement to the exchange today, BLD said revenue fell to RM366.13 million, from RM481.64 million.

"The financial performance of the group is dependent on the physical supply and demand of palm oil products in the world edible oil market, and their corresponding prices.

"The group is cautious that some changes in policy might cause supply constraints in long term, to the local industry as a whole, while leading to positive economic implications on palm oil prices," BLD said.

BLD's cumulative nine-month net profit fell to RM17.9 million, from RM27.21 million a year earlier. Revenue was lower at RM1.13 billion, versus RM1.19 billion.

Shares of BLD has not been traded so far today. The stock was last transacted at RM8.10, for a market capitalisation of RM757 million.