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Mindray Announces 2010 Fourth Quarter and Full Year Results
Date:2/28/2011

ion pump manufacturer in China.

"In spite of the continued uncertainties caused by the stagnant global economy and various proposals for healthcare reform in 2010, we maintained our focus and executed our strategy successfully, resulting in solid growth and margins for the year. We are very proud to have achieved such strong operational results while enhancing our competitive position," commented Xu Hang, Mindray's Chairman and Co-Chief Executive Officer. "As we closed the year, we continued to see robust sales growth in our key international markets and gradual improvement in our non-tender business in China, allowing us to deliver full year double digit top-line and earnings growth, as well as strong cash flow."

SUMMARY --FourthQuarter and Year Ended December 31, 2010(in $ millions, except per-share data)

Three Months Ended

Year EndedDecember 31

December 312010

2009

% chg

2010

2009

% chgNet Revenues

211.0

188.8

11.7%

704.3

634.2

11.1%Revenues generated outside China

121.1

101.3

19.5%

410.9

341.6

20.3%Revenues generated in China

89.8

87.5

2.7 %

293.4

292.6

0.3%Gross Profit

115.3

102.0

13.0%

401.0

353.9

13.3%Non-GAAP Gross Profit

116.5

103.7

12.4%

406.3

360.5

12.7%Operating Income

37.4

38.0

-1.6%

155.6

140.6

10.6%Non-GAAP Operating Income

41.8

42.3

-1.3%

171.3

160.9

6.4%EBITDA

53.3

51.7

3.1%

192.1

194.0

-1.0%Net Income

41.0

37.4

9.7%

155.5

139.2

11.7%Non-GAAP Net Income

45.4

41.7

8.9%

170.9

147.4

16.0%Diluted EPS

0.35

0.33

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SOURCE Mindray Medical International Limited
Copyright©2010 PR Newswire.
All rights reserved

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