Company Achieves Record Revenue Growth of 58.9% Year-over-Year
SHENZHEN, China, Nov. 1 /Xinhua-PRNewswire-FirstCall/ -- Mindray Medical International Limited (NYSE: MR), a leading developer, manufacturer and marketer of medical devices in China with a rapidly growing international presence, today announced its selected unaudited financial results for the third quarter ended September 30, 2007.
Highlights for Third Quarter 2007
-- Third quarter 2007 net revenues were RMB573.2 million (US$76.5 million),
a 58.9% increase over the third quarter 2006.
-- Net revenues generated in international markets in the third quarter
2007 increased by 52.0% to RMB286.1 million (US$38.2 million) from
RMB188.2 million in the third quarter 2006.
-- Net revenues generated in China in the third quarter of 2007
increased by 66.3% to RMB287.1 million (US$38.3 million) from
RMB172.7 million in the third quarter 2006.
-- Third quarter 2007 non-GAAP net income, as defined below, increased
71.5% year-over-year to RMB172.1 million (US$23.0 million) from
RMB100.4 million in the third quarter 2006. Third quarter 2007 GAAP
net income was RMB154.8 million (US$20.7 million) compared to RMB91.0
million in the third quarter 2006, representing an increase of 70.0%
-- Third quarter 2007 non-GAAP diluted earnings per share, as defined
below, was RMB1.52 (US$0.20). Third quarter 2007 GAAP diluted earnings
per share was RMB1.37 (US$0.18).
"We are pleased to report another quarter of record growth and solid
execution," said Mr. Xu Hang, Mindray's chairman and co-chief
|SOURCE Mindray Medical International Limited|
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