FARMINGDALE, N.Y., June 2, 2011 /PRNewswire/ -- 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.
For further information, please contact:
Cemtrex Inc.
Email: sgovil@cemtrex.com
SOURCE Cemtrex Inc.