Mindray Medical Announces Preliminary 2013 Results - Quick Facts

(RTTNews) - Mindray Medical International Limited (MR) announced that it expects net revenue to be approximately $1.212 billion for the fiscal year ended December 31, 2013, representing a year-over-year growth of approximately 14.3%. Based on the estimated full-year revenue, the company expects 2013 non-GAAP net income to be approximately $236 million, growing approximately 11.5% year-over-year. For 2014, Mindray expects its net revenue to grow at least 15% year-over-year.

Li Xiting, Mindray's President and Co-CEO, said: "In 2013, we exceeded our revised financial guidance with both our sales and non-GAAP net income achieving double-digit growth. Western Europe and certain key emerging markets performed well. Additionally, we launched 11 new products and completed two more acquisitions, including the Zonare transaction."