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Hudaco Jumps to Highest Since at Least 1990 After Earnings

Jan. 26 (Bloomberg) -- Hudaco Industries Ltd. climbed to the highest level in more than 21 years in Johannesburg trading after the company said its annual profit jumped 43 percent.

Shares in the distributor of industrial products group climbed as much as 6.5 percent, and closed 4.3 percent up at 97 rand, the highest since August, 1990, when Bloomberg started compiling data.

Link to Company News:{HDC SJ <Equity> CN <GO>}

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

To contact the editor responsible for this story: Alastair Reed at areed12@bloomberg.net

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