Mindray Medical Tops $1 Billion in 2012 Revenues  
2/28/2013 10:55:46 AM

by Richard Daverman, PhD

February 27, 2013 -- Mindray Medical, the Shenzhen medical device maker, reported that 2012 was another record breaking year. Revenues for the company totaled $1.06 billion – the first year its revenues topped $1 billion and an increase of 20% over 2011. Net income rose 14% to $212 million (non-GAAP). Much of the growth came from its domestic China sales: they were up 26%. In 2013, Mindray expects revenues will climb another 17%. More details....

Stock Symbol: (NYSE: MR)