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

To contact the editor responsible for this story: Shiyin Chen at

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