Health Care Stocks News Resmed (RMD)

Resmed RMD ASXResmed (RMD) is a leading developer, manufacturer and distributor of medical equipment for treating, diagnosing, and managing sleep-disordered breathing and other respiratory disorders such as sleep apnoea.

RMD operates in over 65 countries through 16 direct offices and a network of distributors, including Australia, France, Germany, New Zealand, Singapore, the UK and the United States.

Last week, RMD announced a 1H11 net profit of US$115.2 million, up 30.7% from a year earlier.

Revenue increased 12.6% to US$359,953, driven by growth in flow generators and masks sales.

Resmed said it expects growth of all of its products to continue to benefit from the growth in the sleep-disordered breathing market.

RMD lost 2.1% last week, underperforming the share market, which gained 0.4%.

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