Mindray Announces Preliminary 2006 Operating Results
17 Gennaio 2007 - 2:35PM
PR Newswire (US)
Company to Report Fourth Quarter and Fiscal Year 2006 Financial
Results on March 12, 2007 SHENZHEN, China, Jan. 17
/Xinhua-PRNewswire-FirstCall/ -- Mindray Medical International
Limited (NYSE:MR) today announced selected preliminary unaudited
results for the fiscal year ended December 31, 2006. Mindray also
announced that it plans to report its financial results for the
fourth quarter and fiscal year ended December 31, 2006 before the
US market opens on Monday, March 12, 2007. Preliminary 2006
Operating Results For the year ended December 31, 2006 Mindray
expects net revenues to be in the range of RMB1,470 million to
RMB1,500 million, compared to RMB1,078.6 million in 2005, and net
income to be in the range of RMB360 million to RMB375 million,
compared to RMB205 million in 2005. Basic earnings per share, or
EPS, for the year ended December 31, 2006, is expected to be in the
range of RMB4.13 to RMB4.31, compared to RMB2.31 in 2005, and
diluted EPS is expected to be in the range of RMB3.73 to RMB3.89,
compared to RMB2.31 in 2005. Each Mindray ADS represents one
Mindray Class A ordinary share. Mindray's preliminary 2006 results
are unaudited and remain subject to the finalization of the
Company's year-end closing, reporting and audit processes. Mr. Hang
Xu, Chairman and Co-Chief Executive Officer of Mindray, said "We
are encouraged by our preliminary results for 2006. We were able to
overcome a difficult business environment in the fourth quarter
with strong sequential quarterly revenue growth.' Mr. Xu noted that
'the fourth quarter is typically the strongest quarter of the year
for medical device manufacturers in terms of revenues.' Scheduled
Announcement of Fourth Quarter and Full Year 2006 Earnings Mindray
plans to report its financial results for the fourth quarter and
fiscal year ended December 31, 2006 before the US market opens on
Monday, March 12, 2007. Dial-in and other details will be
circulated at a later date. About Mindray Mindray Medical
International Limited is a leading developer, manufacturer and
marketer of medical devices in China with a significant and growing
presence outside of China. Established in 1991, Mindray offers a
broad range of products across three primary business segments:
patient monitoring devices, diagnostic laboratory instruments, and
ultrasound imaging systems. Mindray is headquartered in Shenzhen,
China, and has 29 local sales and services offices in China, as
well as sales and services offices in Boston, Istanbul, London and
Vancouver. For more information, please visit
http://www.mindray.com/ . Cautionary Note Regarding Forward-Looking
Statements This press release contains 'forward-looking statements"
related to Mindray's anticipated net revenues, net income and
earnings per share for 2006. Readers are cautioned that these
forward-looking statements are only predictions and may differ
materially from actual results due to a variety of factors. The
anticipated results for 2006 remain subject to the finalization of
Mindray's year-end closing, reporting and audit processes,
particularly as related to accrued expenses and income taxes. For
investor and media inquiries, please contact: In China: Investor
Relations Mindray Medical International Limited Tel:
+86-755-2658-2518 Email: Philip Lisio Ogilvy Public Relations
Worldwide (Beijing) Tel: +86-10-8520-6688 Email: In U.S.: Thomas
Smith Ogilvy Public Relations Worldwide (New York) Tel:
+1-212-880-5269 DATASOURCE: Mindray Medical International Limited
CONTACT: In China - Investor Relations, Mindray Medical
International Limited, +86-755-2658-2518, or , or Philip Lisio of
Ogilvy Public Relations Worldwide (Beijing), +86-10-8520-6688, or ,
for MR; or In U.S. - Thomas Smith of Ogilvy Public Relations
Worldwide (New York), +1-212-880-5269, for MR Web Site:
http://www.mindray.com/
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