Cemtrex Reports Third Quarter Results: Sales Increase by 51%
FARMINGDALE, N.Y., Aug. 13, 2013 /PRNewswire/ -- Cemtrex, Inc. (OTC: CTEI) today announced its third quarter consolidated results of operations for the nine months ended June 30, 2013.
Third Quarter Highlights:
- Revenue increased by 51.2% to $11,138,665 for nine months ended in June 30, 2013 compared to $7,365,477 for the same period last year.
- Revenue increased by 45.2% to $5,332,157 for the three month period ended June 30, 2013 compared to $3,672,005 in the similar three month period last year.
- Net Income was $330.010 in the nine month period ended June 30, 2013 compared to a loss of $682,967 in the nine months period ended June 30, 2012.
Commenting on the quarterly results, Mr. Saagar Govil, President and Chief Executive Officer of the Company remarked, "We are pleased with our increased sales, and are confident in our ability to continue this top line growth with profitability in the long-term."
Cemtrex, Inc is a worldwide market leader in manufacturing and selling the most advanced instruments for emission monitoring and equipment for environmental control and filtration systems for the industry. Cemtrex also markets Green DCV, a innovative energy efficiency solution for high-quality green building applications, and technologies for abatement of greenhouse gases pursuant to Kyoto protocol. The Company's products are sold to power plants, refineries, chemical plants, cement plants and other industries, including federal and state governmental agencies.
Safe Harbor Statement
This press release contains forward-looking statements; Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date.
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SOURCE Cemtrex, Inc.