Earlier today, Cemtrex Inc. announced its first quarter consolidated results of operations for the three months ended December 31, 2010. Revenues totaled $1,821,634, up 104% compared to the first quarter ended December 31, 2009. Net Income totaled $144,217 versus a loss of $32,006 during the same period a year prior.
Commenting on the quarterly results, Mr. Arun Govil, President and Chief Executive Officer of the Company, stated, “We are pleased with this turnaround to profitability, and would like to thank our employees for their efforts, which have resulted in enhanced global marketing efforts, securing large projects in the international marketplace, and overall effective execution.”
“We are confident in our ability to secure more such projects and create sustainable profitability for the long term,” added Mr. Govil.
Through its subsidiaries, Cemtrex Inc. is focused on manufacturing and selling the most advanced equipment and systems for stack gas emission monitoring, air filtration and other environmental control products in a wide variety of industries, including power plants, refineries, chemical, steel and cement plants. Cemtrex also markets Green DCV, an innovative energy efficiency solution for high-quality green building applications, through optimizing HVAC control systems.