Resmed Inc (RMD)

[Rckhnd]

2:1 stock split

Australian sleep management company RESMED INC (ASX:RMD) on Friday booked record revenue and income for the 2010 full financial year and announced a two-for-one stock split. ResMed said that for the year ended June 30, 2010, income from operations was US$240.4 million, and net income was US$190.1 million, an increase of 26 per cent and 30 per cent respectively, compared to the 2009 full financial year.

* Annual revenue in 2010 was US$1.1 billion, up 19 per cent (or 17 per cent on a constant currency basis) over 2009.

* ResMed also announced on Friday that its board of directors had approved a two-for-one stock split of the company's outstanding shares of common stock, payable in the form of a 100 per cent stock dividend.