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ResMed posts solid first quarter sales, sees recovery

Carrie LaFrenz

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