Lexmark’s parent reports earnings
Ninestar of China, owner of Lexmark, reporting last quarter’s earnings
- Total revenue down 17.1% to 5,013 million yuan ($749 million)
- Net profit down 835 to 56.1 million yuan ($8.3 million)
- (did not break out revenue and profit for the Lexmark division
- Lexmark’s exchange losses on acquisition loans increased by 409.74 million yuan
($60.3 million)
- Claims that shipments of remanufactured toner and ink cartridges are up by more
than 505 YoY