Chemrez 2013 net income climbs 30%

The country’s leading biodiesel, resins and oleochemicals producer Chemrez Technologies Inc. said on Thursday its net income grew almost a third last year on the back of a stronger performance by its high-margin products.

In a disclosure to the Philippine Stock Exchange, Chemrez said its net income reached P318 million in January to December 2013, or 30 percent higher than the year-earlier level.