Bloomberg News

HMS Group Climbs 1st Day in Five After Fivefold Profit Surge

October 04, 2011

(Updates with closing share price in second paragraph.)

Oct. 4 (Bloomberg) -- HMS Hydraulic Machines & Systems Group Plc rose for the first day in five after the Russian machinery maker said first-half profit rose fivefold.

The London-listed shares climbed as much as 4.9 percent before closing 0.5 percent higher at $4.5 in London.

First-half profit rose to 1.99 billion rubles ($61 million) from 371 million rubles a year earlier, the company said in a regulatory filing today.

--Editors: James Kraus, Alan Purkiss

To contact the reporter on this story: Jason Corcoran at Jcorcoran13@bloomberg.net

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


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