Ninestar Reports Results for Fiscal Year

Ninestar Corporation of China, which purchased Lexmark International in 2016, recently reported financial results for its 2018 fiscal year that ran from January 1 to December 31, 2018.

The firm – which was previously known as Apex Technology – reported revenue of ¥21,926 million, versus ¥21,324 million for 2017. Note that 2017 was the first year that Ninestar’s financial results included results for Lexmark. Previously, for fiscal year 2016, which did not include Lexmark results, Ninestar reported revenue of ¥5,805 million.

For fiscal 2018, Ninestar reported net profit of ¥366.88 million ($54.231 million).

2019 Forecast

For its fiscal 2019 year that will end on December 31, 2018, Ninestar is forecasting net income of ¥1,368 million and net revenue of ¥25,818 million.

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