Markets: ResMed’s healthy advantage

A lower dollar and cheap offshore operating costs have contributed to ResMed's above-average returns, while its international competitors' revenues have shrunk.

Sleep apnea device maker ResMed Inc has given a rosy report to the market, with net profit for the year up 21 per cent to over $US 307 million and revenue up 11 per cent to $1.5 billion. In dollar terms it was record revenue and income for the quarter and fiscal year. Locally, the company's share price is up nearly 80 per cent over the past 12 months, easily leading its peers across the technology side of the healthcare industry.

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