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Cemtrex Reports Robust Q3 Results; Net Income Up 26%
July 30, 2015 | PRNewswireEstimated reading time: 1 minute
Cemtrex Inc. today announced its third quarter consolidated results of operations for the three months ended June 30, 2015.
Third Quarter Highlights:
For the three months ended June 30th:
- Revenue increased 9% or $1,206,544 to $14,660,278 for the period ended June 30, 2015 compared to $13,453,734 for the same period in 2014.
- Net Income increased 26% or $182,727 to $898,827 for the period ended June 30, 2015 compared to $716,100 for the same period in 2014.
- Earnings per share for the three months ended June 30, 2015 and 2014 was $.13 and $.11, respectively, an increase of 18%.
For the nine months ended June 30th:
- Revenue increased 26% or $8,867,321 to $42,834,007 for the period ended June 30, 2015 compared to $33,966,686 for the same period in 2014.
- Net Income increased 25% or $475,005 to $2,337,272 for the period ended June 30, 2015 compared to $1,902,267 for the same period in 2014.
- Earnings per share for the nine months ended June 30th, 2015 and 2014 was $.35 and $.28, respectively, an increase of 25%.
Saagar Govil, Chairman and Chief Executive Officer of Cemtrex, commented, "We are pleased to report a favorable third quarter as we have been able to grow our top and bottom lines due to the great effort of our team. We have experienced strong organic growth this fiscal year and remain optimistic regarding the opportunities for our business. We are on pace for a strong year in fiscal 2015 and believe we are poised for continued growth as we look to capitalize on current market conditions."
About Cemtrex, Inc.
Cemtrex, Inc. CETX, +5.08% is a world leading diversified industrial and manufacturing company that provides a wide array of solutions to meet today's technology challenges. Cemtrex 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. www.cemtrex.com
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