ResMed Inc. Releases First Quarter Results, Announces Dividend

  • Oct 25, 2019 AEDT
  • Team Kalkine

ResMed Inc. (ASX: RMD) has reported results for first quarter of fiscal year 2020. The company has also declared an unfranked USD 0.39 per share quarterly dividend to the shareholders on records as on 7 November 2019.

Highlights

  • Revenues increased 17% on constant currency basis to USD 681.1 million.
  • Gross margin expanded to 59.5% from 58.3%.
  • New products in the mark category drove high-teens growth.

By 12:42 PM AEST, RMD was trading at $20.49, up by 10.17% relative to the last close.

 

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