Mindray Announces Third Quarter 2009 Financi...(85.5 79.4 7.7% 251.8 205.8 22.4% ...),Health

Date:11/9/2009

85.5 79.4 7.7% 251.8 205.8 22.4% Non-GAAP Gross Profit 87.2 83.6 4.3% 256.8 213.7 20.2% Operating Income 34.2 30.2 13.5% 102.6 85.9 19.5% Non-GAAP Operating Income 40.0 37.5 6.7% 118.6 108.3 9.5% EBITDA 60.1 39.6 51.6% 142.3 104.6 36.0% Net Income 43.4 28.0 55.2% 101.8 77.1 32.0% Non-GAAP Net Income 37.4 33.7 11.0% 105.7 96.7 9.3% Diluted EPS 0.38 0.24 56.9% 0.90 0.68 33.7% Non-GAAP Diluted EPS 0.33 0.29 12.2% 0.94 0.85 10.7%

Revenues

Mindray reported net revenues of $151.1 million for the third quarter of 2009, a 3.1% increase from $146.5 million in the third quarter of 2008. Net revenues generated in China in the third quarter of 2009 increased 9.3% to $66.8 million from $61.1 million in the third quarter of 2008, while net revenues generated in international markets in the third quarter of 2009 decreased 1.3% to $84.3 million from $85.4 million in the third quarter of 2008.

Performance by Segment

Patient Monitoring & Life Support Products: Patient monitoring & life support products segment revenues declined 0.6% to $67.7 million from $68.1 million in the third quarter of 2008. The patient monitoring & life support products segment contributed 44.8% to total net revenues in the third quarter of 2009.

In-Vitro Diagnostic Products: In-vitro diagnostic products segment revenues increased 5.8% to $37.3 million from $35.3 million in the third quarter of 2008. The in-vitro diagnostic products segment contributed 24.7% to total net revenues in the third quarter of 2009.

Medical Imaging Systems: Medical imaging systems segment revenues increased 10.2% to $36.4 million from $33.0 million in the third quarter of 2008.
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SOURCE Mindray Medical International Limited Copyright©2009 PR Newswire. All rights reserved

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