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Cemtrex Announces Q3 Sales of $24.7 Million, an Increase of 69%

Farmingdale, NY, Aug. 08, 2016 (GLOBE NEWSWIRE) -- Cemtrex Inc. (CETX), a world leading industrial and manufacturing solutions company, announced its third quarter consolidated results of operations for the three months ended June 30, 2016.

  • Net sales for the quarter up 69%
  • Net income for the quarter up 77%
  • Net sales for nine months up 33%Net Income for nine months up 26.5%
  • EBITDA for the quarter up 79%
  • EBIDTA for nine months up 50%
  • Net sales for the three months ended June 30, 2016 increased by 69% to $24,714,853 from $14,665,748 for the three months ended June 30, 2015.
  • Gross profit for the three months ended June 30, 2016 was $8,158,669 as compared to $4,252,202 for the three months ended June 30, 2015, representing a 92% advance. Gross profit margin was 33% compared to 29%, as the company realized economies of scale and an improving product mix.
  • Net Income for the three months ended June 30, 2016 was $1,470,625 as compared to $828,758 for the three months ended June 30, 2015, representing an increase of 77.5%.
  • EBITDA for the three months ended June 30, 2016 was $1,965,353 as compared to $1,096,586 for the three months ended June 30, 2015, representing a 79% increase.
  • Net Income for the nine months ended June 30, 2016 was $2,578,815 as compared to $2,038,601 for...

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