Ninestar of China closes its fiscal year 2023

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Ninestar of China closes its fiscal year 2023

Is majority owner of Lexmark
Ninestar is accused by the US government of using slave labor in some of its Chinese plants
Will publish its final FY23 annual report in April, 2024
Plans to report massive net losses of anywhere between 4.5 billion yuan ($634.1 million) to 6.5 billion yuan ($915.9 million), down from profit of 1.862 billion yuan in 2022
Steep declines in revenue and profits in all divisions
Lexmark division expected to report 11.4% decline in revenue to $2.07 billion
- Expect to report EBITDA down 32.9% to $167 million

2/7/249:39 PM

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Ninestar of China closes its fiscal year 2023

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