OREANDA-NEWS. October 4, 2011. HMS Group (LSE: HMSG), the leading pump manufacturer and provider of flow control solutions and related services in Russia and the CIS, announces today that the HMS Group Board of Directors meeting was held on September 29th, 2011 (the “Meeting”).

The following significant issues of agenda were reviewed, acknowledged and approved by the Board of Directors at the Meeting: 

Half year 2011 IFRS Financial Statements review;

Half year 2011 budget implementation  report;

Audit Committee report;

Approval of December 7th, 2011 as the next date for the HMS Group Board of Directors meeting.

The HMS Group is the leading pump manufacturer and provider of flow control solutions and related services to the oil and gas, nuclear and thermal power generation and water utilities sectors in Russia and the CIS. The HMS Group’s products are mission-critical elements of projects across a diverse range of industries. It has participated in a number of large-scale infrastructure projects in Russia, including providing pumps and modular equipment to the Vankor oil field and pumping stations on recent trunk pipelines projects linking Russia’s core oil producing areas to export ports on the Pacific Ocean and Baltic Sea. The Group reported revenues of RUB 7.1 billion, adjusted EBITDA of RUB 1.6 billion and profit for the period of RUB 1 billion for the three months ended March 31, 2011. The HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.