Cemtrex Inc., a leader in manufacturing and selling advanced equipment and systems for stack gas emission monitoring, air filtration and other environmental control products in a wide variety of industries including cement plants, has announced its first quarter consolidated results of operations for the three months ended 31 December 2010.
The company’s revenue increased by 104% to US$1 821 634, compared to US$891 454 in first quarter ended 31 December 2009. Its net income was US$144 217 in the first quarter compared to a loss of US$32 006 in the corresponding quarter of last year.
Arun Govil, President and CEO of Cemtrex Inc., commented on the results: "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."
He continued: "We are confident in our ability to secure more such projects and create sustainable profitability for the long-term."
Read the article online at: https://www.worldcement.com/the-americas/24022011/cemtrex_announces_first_quarter_results/