Ninestar of China reports earnings
Company accused of using slave labor in some of its manufacturing plants to produce printers/MFPs/cartridges
- Owns controlling interest in Lexmark
- First half 2023 operating income down 0.03% to $1.69 billion
- Profit down 67% to $48.3 million
- Lexmark division operating income down 11.83% to $140.6 million
- Total revenue down 11.8% to $1.021 billion
- Gross profit down 10.6% to $313 million