Ninestar publishes first quarter results
May 2, 2023
For the reporting period, the company achieved revenue growth, but net profit was down significantly.
Ninestar reported revenue of ¥6.12 billion ($885 million/ €807 million), a year-on-year increase of 11.75%. Net profit was down 48.56% year-on-year, at ¥203.4 million ($29 million/ €27 million).
Pantum’s operating business was ¥1.287 billion ($186 million/ €170 million), an increase of about 30%, the company said. However, sales volumes stayed the same. Lexmark’s operating income decreased about 6.81% year-on-year, to $530 million ($77 million/ €70 million).
Ninestar added: “Looking forward to the future, the company will actively launch more new products with high competitiveness. Among them, Pantum’s self-developed A3 black and white and colour copiers will be mass-produced this year.”
For its consumables business, Ninestar reported income of ¥1.511 billion ($219 million/ €199 million), a year-on-year increase of 3.12%.
The chip business recorded overall shipments of 99.55 million units, which is slight decline year-on-year. Operating income for the period was ¥429 million ($62 million/ €57 million), a year-on-year decline of 14.99%.
Categories : City News
Tags : Apex Business Financials Lexmark Ninestar Pantum Sales
