Strong international sales powered Mindray Medical International of Shenzhen, China, to double-digit gains in third-quarter and nine-month net revenues (end-September 30).
In the third quarter, net revenues increased 11% to $168.3 million, compared with $151.1 million in the same quarter of 2009. International sales increased 18% to $99.2 million in the third quarter, compared with $84.3 million in the third quarter of 2009. The company also recorded net income of $35.9 million, compared with net income of $43.4 million in the same quarter a year ago.
Revenues from the company's medical imaging systems segment increased 17.5% to $42.7 million, compared with $36.4 million in the third quarter of 2009. The medical imaging systems segment contributed 25.4% to Mindray's total net revenues in the third quarter of 2010.
For the nine-month period, net revenues advanced 11% to $493.3 million, compared with $445.3 million in the same period of 2009. Net income increased to $114.4 million, compared with $101.8 million in the same nine-month period of 2009.
Related Reading
Mindray debuts ultrasound system, August 18, 2010
Mindray's imaging sales edge up, August 10, 2010
Mindray announces American public offering, March 4, 2010
Mindray posts Q4, year-end revenue increases, March 2, 2010
Mindray debuts M5 ultrasound upgrade, December 1, 2009
Copyright © 2010 AuntMinnie.com
