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%