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ResMed posts solid first quarter sales, sees recovery

Carrie LaFrenz
Carrie LaFrenzSenior reporter

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ResMed Inc boss Mick Farrell says the medical device maker is seeing more patients returning to get diagnosed for obstructive sleep apnoea across the world as nations control COVID-19.

The dual-listed giant revealed that first quarter revenue jumped by 9 per cent to $US751.9 million ($1.05 billion), on a constant currency basis. In August it said revenue had grown by low single digits in the the first month of the new fiscal year.

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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com

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    Original URL: https://www.afr.com/companies/healthcare-and-fitness/resmed-posts-solid-first-quarter-sales-tipping-sequential-recovery-20201029-p569v6