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Ninestar publishes forecast for first three quarters of 2021

Ninestar publishes forecast for first three quarters of 2021

October 11, 2021

In the first three quarters of 2021, the net profit attributable to the company’s shareholders is expected to be ¥630 million ($98 million/ €85 million) to ¥730 million ($113 million/ €98 million) (excluding Pantum Electronics), an increase of 51.80% to 75.90% over the same period last year.

For the period 1 January 2021 to 30 September 2021, Ninestar predicts a growth of  profits attributable to shareholder of 51.80% – 75.90%. For the third quarter (July 2021- September 2021), Ninestar predicts profits attributable to shareholders of ¥205 million ($32 million/ €28 million) to ¥305 million ($47 million/ €41 million), a year-on-year growth of 265.35%-443.57%.

Ninestar said that reasons for the changes in performance can be attributed to that although the general consumables business was under pressure in the first three quarters of this year, the company’s original printers and original consumables business increased.

The Lexmark printer business has shown a steady and positive trend. It is expected that Lexmark printer sales increased by more than 20% year-on-year in the first three quarters. Ninestar added Pantum grew in foreign markets and that its expected operating income will be approximately ¥2.8 billion ($434 million/ €375 million) in the first three quarters.

The chip business maintained a steady growth in the printer industry as well as in the other industries. Apex Micro Electronics’ net profit is expected to show an increase by more than 30% year-on-year.

Categories : City News

Tags : Business Financials Ninestar

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