Ninestar announces earnings
- Ninestar of China is parent of Lexmark, Pantum, etc.
- Published preliminary financials for first half of 2021
- Total revenue up 0.5% to 9,937 million yuan ($1.5 billion)
- Operating profit up 18.9% to 721.9 million yuan
- Total profit up 24.9% to 788.9 million yuan
- Lexmark division “achieved shipments in the OEM strategic partner business” (Sharp and Toshiba are also selling Lexmark devices
o Has been “able to stabilize its managed print services business renewal rate”
o “profitability continues to improve”