Jan. 16 (Bloomberg) -- Saudi Chemical Co. surged the most in six months after the distributor of pharmaceuticals reported a 35 percent increase in fourth-quarter profit.
The shares soared 6.1 percent, the most since July 13, to 45.4 riyals at 11:58 a.m. in Riyadh.
Net income increased to 88 million riyals ($23 million) from 65 million riyals in the year-ago period.
To contact the reporter on this story: Zahra Hankir in Dubai at email@example.com
To contact the editor responsible for this story: Claudia Maedler at firstname.lastname@example.org