HMS Group Retreats to Four-Month Low as Profit Declines 51%

HMS Group, a Russian pump manufacturer, fell to a four-month low as first-quarter profit tumbled 51 percent from a year earlier.

HMS Group dropped 2.2 percent to $4.45, the lowest intraday level since Feb. 2 as of 2:55 p.m. in London.

First-quarter income fell 51 percent to 485 million rubles ($14.9 million), according to an e-mailed statement. Revenue rose 4 percent to 7.31 billion rubles.

To contact the reporter on this story: Ksenia Galouchko in Moscow at kgalouchko1@bloomberg.net

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

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