Thursday, March 10, 2011

BLD Plantations fall in late trade

KUALA LUMPUR: Shares of BLD PLANTATION []s Bhd fell in late afternoon trade on Thursday, March 10 in line with weaker broader market.

At 3.51pm, it was down 25 sen to RM5.13 with 4,000 shares done.

Stock market data showed that about 200,000 shares were transacted in an off-market deal at RM4.63 a piece or 50 sen below the market price.

The FBM KLCI fell 7.28 points to 1,516.41. Turnover was 837.26 million shares done valued at Rm1.036 billion. Declining stocks beat advancers 510 to 198 while 252 stocks were unchanged.

In the fourth quarter ended Dec 31, 2011, BLD Plantations reported net profit of RM22.84 million compared with RM5.27 million a year ago.

For FY10, its earnings doubled to RM60.52 million from RM30.10 million in FY09.

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