FARMINGDALE, N.Y., June 2, 2011 — Cemtrex Inc. (OTC: CTEI) today announced its second quarter consolidated results of operations for the three months ended March 30, 2011.
Second Quarter Highlights:
Net sales for three months ended March 31, 2011 increased by $2,238,993 or 221%, to $3,254,170 from $1,015,177 for the three months ended March 31, 2010.
The Company had net profit of $240,885 for the three-month period ended March 31, 2011 as compared to a net loss of ($153,855) for the three-month period ended March 31, 2010.
Mr. Arun Govil, President and Chief Executive Officer of the Company, commented, “This quarter continues to build on our recent success and I am pleased with our team’s efforts. We are again profitable and sales are continuing to grow in the second quarter. I am confident that with recent EPA rulings Cemtrex will continue to reach higher levels.”
Cemtrex Inc. is a worldwide market leader in manufacturing and selling the most advanced instruments for emission monitoring products for the industry. Cemtrex also markets Green DCV, an innovative energy efficiency solution for high-quality green commercial buildings, through optimizing HVAC control systems. 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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