OREANDA-NEWS. December 13, 2011. ARMADA Group (MICEX, RTS: ARMD) released today its preliminary financial results for the period from January 1 to September 30, 2011.

“We remain committed to our earlier 2011 guidance to boost revenue by 25%-30%, while maintaining profitability at the high levels achieved in 2010 through cost-cutting and given that the company has no long-term debt. In 2012, ARMADA expects its growth rates and profitability to be on par with 2011. It is important to note that ARMADA has saved a substantial portion of the proceeds from an SPO, which, along with a portfolio of potential M&A deals, give us the opportunity to choose the best timing for new acquisitions,” Chairman of ARMADA’s board of directors Alexey Kuzovkin said.