Ninestar Reports Preliminary Results for First Half

Ninestar Technology of Zhuhai, China, recently reported preliminary financial results for its half year that ran from January 1 to June 30, 2019.

Net profit increased year-over-year by 13 percent to U.S. $50,899,466.

Ninestar’s printer/copier consumables net profits were up approximately 20 percent year-over-year. Operating income for Ninestar’s Apex Microelectronics business was up 3 percent, but net profit was essentially flat compared to last year.

For the first half, NInestar’s Lexmark international’s printer shipments and operating income were basically flat compared the same period last year. Net profit for Lexmark was down versus the first half of 2018.

NInestar will release completed audited results for its first half next month.

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