Hudaco Climbs to Highest Since 2007 on Increase in Earnings

Hudaco Industries Ltd. (HDC), a distributor of industrial products, climbed to its highest since September 2007 in Johannesburg trading after saying earnings per share for the 12 months through November will be as much as 40 percent higher than a year earlier.

Shares closed 5.6 percent up at 90.03 rand, the biggest gain in more than two months.

To contact the reporter on this story: Stephen Gunnion in Johannesburg at sgunnion@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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