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% to over $US 307 million and revenue up 11% 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% over the past 12 months, easily leading its peers across the technology side of the healthcare industry.

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