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Utah Medical Products, Inc. Reports Financial Performance For Second Quarter 2010

SALT LAKE CITY, July 22, 2010 (GLOBE NEWSWIRE) -- In the second calendar quarter (2Q) and first half (1H) of 2010, Utah Medical Products, Inc.'s (Nasdaq:UTMD) changes in financial results compared to the same time period in the prior calendar year were as follows:

  2Q (April – June) 1H (January – June)
Sales: --  --
Gross Profit: ( 2%) ( 4%)
Operating Income: ( 1%) ( 4%)
Net Income: ( 2%) ( 3%)
Earnings Per Share: ( 3%) ( 4%)

In 2Q 2010 and 1H 2010, UTMD achieved the following profit margins:

    2Q 2010 (April – June) 1H 2010 (January – June)
Gross Profit Margin (gross profits/ sales): 52.1% 51.8%
Operating Profit Margin (operating profits/ sales): 35.0% 35.3%
Net Profit Margin (profit after taxes/ sales): 23.4% 23.6%

Sales. Comparing 2Q 2010 to 2Q 2009 global sales in product categories, blood pressure monitoring device/ components (BPM) sales were up 4%, neonatal device sales were up 11%, gynecology/ electrosurgery device sales were down 7% and obstetrics device sales were down 9%.  For 1H 2010 compared to 1H 2009 global sales in product categories, BPM sales were up 6%, neonatal device sales were up 6%, gynecology/ electrosurgery device sales were down 4% and obstetrics device sales were down 9%. 

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