ResMed tipping a U-shaped recovery out of COVID-19
Carrie LaFrenzSenior reporter
Key Points
- Revenue ($USm) 2957.0, up 13.4%
- Pre-tax profit ($USm) 733.1, up 41.3%
- Net profit ($USm) 621.7, up 53.7%
- Q4 dividend 39c, flat - payable on Sept 24
ResMed boss Mick Farrell is tipping a U-shaped recovery out of COVID-19 and says he is feeling "pretty bullish" on the medical device maker returning to pre-virus operations within 12 to 24 months.
San Diego-based Mr Farrell told The Australian Financial Review while different nations will have their own road maps to reopen society, people are feeling more confident about seeing doctors and sleep specialists, including the use of more telehealth.
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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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