ResMed's profit down despite revenue rise
ResMed has posted a 13 per cent rise in revenue for the September quarter, boosted by the acquisition of software firm Brightree, but its profit is down.
Source: AAP
26 Oct 2016 - 11:26 AM UPDATED 2 HOURS AGO
Sleep apnoea device maker ResMed's first quarter profit has dropped eight per cent despite a big increase in revenue.
Revenue rose 13 per cent to $US465.4 million ($A608.9 million) following its recent $US800 million acquisition of healthcare software company Brightree.
Resmed's $US76.1 million first quarter profit was down $US6.8 million from the same period time last year.
(http://www.sbs.com.au/news/article/2016/10/26/resmeds-profit-down-despite-revenue-rise)
ResMed's profit down despite revenue rise
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