FARMINGDALE, N.Y., Feb. 17, 2015 /PRNewswire/ -- Cemtrex Inc.
(OTC: CTEI) today announced its first quarter consolidated results
of operations for the three months ended December 31, 2014.
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First Quarter Highlights:
Net sales for three months ended December
31, 2014 increased by 54%, to $13,842,789 from $8,964,380 for the three months ended
December 31, 2013. The Company had
net profit of $396,872, for the three
month period ended December 31, 2014
as compared to a net income of $416,552 for the three month ended December 31, 2013, representing a decrease of
5%.
Saagar Govil, Chief Executive Officer of Cemtrex, commented, "We
have started this new fiscal year on the right foot with
considerable top line growth, particularly from our environmental
business. We are continuing to see strong demand in emerging
markets for our products and we are investing in our business to
take advantage of this growing opportunity. Our backlog in our
electronics manufacturing and services business continues to
increase so we are bullish over the long term for our prospects
there as well."
About Cemtrex, Inc.
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.
corporate.cemtrex.com.
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.
For further information, please contact:
Cemtrex Inc.
Phone: 631-756-9116
Email
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SOURCE Cemtrex, Inc.