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Ninestar reports positive half-yearly results

Ninestar reports positive half-yearly results

August 20, 2021

The company’s posted half-year results, showing operating income up 0.19% and net profit up 18.66%.

Ninestar reports that the 2021 first half-year period were in line with its forecast reported earlier in July. For the reporting period, Ninestar reported an operating income of ¥9.907 billion ($1.5 billion/ €1.3 billion), a 0.19% increase year on year. Net profit attributable to shareholders was ¥425,884 million ($65 million/ €56 million), a year-on-year increase of 18.66%.

Ninestar explained that the global Covid-19 epidemic was further controlled, enabling production and life to normalise in the first half of 2021 gradually. The global printing market demand steadily recovered, and China’s economy is recovering. The company added: “It has also driven the growth of the commercial printer market, and market demand is still relatively strong, which has largely promoted the growth of global printer market shipments and sales.”

In the first half of 2021, Lexmark’s operating income was approximately US$1.059 billion (€907 million), an increase of 4.73% over the same period of the previous year. Sales of Lexmark printers in the first half of the year 603,000 units, an increase of over 20% year-on-year.

During the reporting period, global shipments and revenues of Pantum printers maintained steady growth, with shipments increasing by over 50% year-on-year, and shipments of original consumables continued to be fast.

Apex Microelectronics (including Jihai Semiconductor) chip shipments totalled approximately 215 million, a year-on-year decrease of roughly 7%.

Ninestar’s general printing supplies business (including all holding subsidiaries) achieved operating income of approximately ¥2.495 billion ($384 million/ €329 million), a year-on-year increase of 2.92%, and net profit of ¥102 million ($16 million/ €13 million), a year-on-year decrease of 51.11%.

Categories : City News

Tags : Business Financials Ninestar Sales

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