Ninestar of China issues forecast
Ninestar Corporation of Zhuhia, China, is parent of Lexmark
- issued forecast for the first half of 2024:
- total profit ranging between $117 million to $144 million, up 142% to 199% YoY
- For Lexmark division, forecasts revenue will increase 5% to $1.08 billion
- Ninestar’s revenues have been declining since the U.S. Department of Homeland Security announced it has found that Ninestar uses slave labor in China to produce some of the components for its printers, MFPs and consumables)