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ResMed Inc (ASX:RMD) record revenue and income for the December quarter February 05, 2010 12:00 AM

Provider of sleep disorder equipment ResMed Inc (ASX:RMD) has today reported record revenue and income for the quarter to December 31, 2009.

Net income for the three months to December 31 increased 36% to US$46 million on the back of a 23% rise in revenue to US$275.1 million.

For the half year period, ResMed says revenue rose 18% while net income from operations increased 42% to US$88.1 million.

President and CEO Kieran T. Gallahue says the company’s robust revenue growth, recent product launches and exciting pipeline continues to position ResMed well for the future.

ResMed reported profit of $180.49 million for the 12 months to June 30, 2009.

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