Cemtrex Announces Strong Second Quarter Results with Earnings Increasing 36%
May 7, 2015
FARMINGDALE, N.Y., May 7, 2015 — Cemtrex Inc. today announced its second quarter consolidated results of operations for the three months ended March 31, 2015.
Second Quarter Highlights:
Total revenue for the three months ended March 31, 2015 and 2014 was $14,330,940 and $11,548,572, respectively, an increase of $2,782,368, or 24%. Net income for the three months ended March 31, 2015 and 2014 was $1,081,573 and $769,615, respectively, an increase of $278,558, or 36%.
Saagar Govil, Chief Executive Officer of Cemtrex, commented, “We have continued to experience robust top line growth across our business during this second quarter. Despite currency fluctuations and market concerns about emerging economies, we see our core business segments continuing to thrive. With the recent quarter we believe Cemtrex is on the right track for an uplist to Nasdaq in the near future.”
About Cemtrex, Inc.
Cemtrex, Inc. (OTC: CTEI) is a diversified technology company that provides a wide array of solutions to meet today’s industrial challenges. Cemtrex, through its wholly owned subsidiaries provides electronic manufacturing services of custom engineered printed circuit board assemblies, emission monitors & instruments for industrial processes, and environmental control & air filtration systems for industries & utilities.
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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