Ninestar Corp. has released its performance forecast for the first three quarters of 2019 reporting expected increases for revenue and profits.
In its forecast statement Ninestar Corp. is estimating a 31.05 percent to 51.21 percent increase for the period of 1 January to 30 September in profit compared to the same period last year. For the last quarter (1 July to 30 September 2019) Ninestar expects an increase in earnings over the same period of the previous year of 52.63 percent to 107.14 percent.
Ninestar stated that the company’s consumables and microelectronics chip business were affected by the market and Lexmark’s international business operations are improving, and net profit is increasing, mainly due to the increase in gross profit and the decrease in fees compared to 2018.
