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Lexmark’s parent reports last quarter earnings

Ninestar of China is owner of Lexmark, is feeling effects of partial U.S. ban due to use of force labor

  • Operating income down 15.49% to 5.64 billion yuan ($771 million)
  • Net profit was a loss of 138 million yuan, down 128.53%
  • Earnings per share down 128.41%
  • Lexmark division had 12.3% decline in operating income
    • Printer/MFP revenue up 5.8%
    • Total revenue up 12.4%

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