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Ninestar reports first half earnings

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Ninestar reports first half earnings Ninestar Corporation of Zhuhai, China, owner of Lexmark, released financial results for the first half of its fiscal year, January to June 2020. - operating income down 8.26% to RMB 9.988 billion ($1.455 billion) - net profit was down 3.72% to RMB 358.91 million ($51.279 million) - Pantum division (maker of desktop printers) hardware shipments increased by more than 50% o shipments of Pantum consumables increased by 60% - Lexmark division reported...
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Lexmark’s parent gives forecast

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Lexmark’s parent gives forecast Ninestar of China, which owns Lexmark, gave forecast for first 3 quarters of 2021 - Estimates profits to total 730 million renminbi (RMB) ( approx. $113,427,984 ) - Year over year increase of 75.9% max - Attributes profit growth to increase sales of non-OEM printer and MFP consumables - Forecasting Lexmark printer sales to increase 20% globally
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