Chemrez Rises to Six-Month High After Reporting Higher Profit

Chemrez Technologies Inc. (COAT) advanced to the highest in six months in Manila trading after the producer of biofuel said first-quarter profit gained 28 percent.

The stock climbed 1.6 percent to 2.53 pesos as of 10:29 a.m. local time, poised for the highest close since Oct. 8. The benchmark Philippine Stock Exchange Index increased 0.6 percent.

To contact the reporter on this story: Ian Sayson in Manila at isayson@bloomberg.net

To contact the editor responsible for this story: Shiyin Chen at schen37@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.