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Chemrez Rises to Six-Month High After Reporting Higher Profit

April 18 (Bloomberg) -- Chemrez Technologies Inc. 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.

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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

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