Cemtrex, Inc. Earnings Increase 192% in Fiscal Year 2006 Wednesday October 25, 12:36 pm ET
FARMINGDALE, N.Y., Oct. 25 /PRNewswire-FirstCall/ -- Cemtrex, Inc. (OTC: CTEX - News) today reported a net profit of $164,823 ($.00094 per share) on sales of $961,132 for its fiscal year ended September 30, 2006 from its financial statements as prepared by the management. For the similar twelve- month period ended on September 30, in fiscal year 2005, the Company had sales of $774,703 and net income of $56,516 respectively. ADVERTISEMENT
The Company's selling, general and administrative expenses grew from $283,940 in fiscal year 2005 to $296,141 in fiscal year 2006. Gross profit of $500,168 for the twelve-month period ended September 30, 2006 was 52% of sales compared to $334,680 or 43% of sales in the same period in the previous year. The higher gross profit in fiscal year 2006, compared to fiscal year 2005, was in part due to the product mix of the projects executed during 2006 as compared to the previous year.
"We are extremely pleased with our increased profitability this year," said Mr. Aron Govil, CEO & President of Cemtrex, Inc. "Due to the current favorable climate for our technologies, we expect tremendous growth both organically and through acquisitions in the coming years."
Cemtrex is engaged in manufacturing and selling the most-advanced and custom-engineered instruments for emission monitoring. The Company offers a complete range of Process and Air Emissions monitoring instruments and software for all pollutants regulated by the EPA, including dust, opacity, CO2, O2, SO2, NOx, CO, flow, moisture, ammonia, mercury and hydrocarbons. Cemtrex also provides turnkey services for carbon creation projects from abatement of greenhouse gases pursuant to the Kyoto Protocol. The Company's products are sold to power plants, refineries, chemical plants, cement plants and other industries, including federal and state governmental agencies.
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This communication contains statements expressing expectations of future events and/or results which may include, without limitation, statements concerning anticipated financial performance, business prospects, technological developments, potential markets, new products, research and development activities and similar matters. Such statements constitute forward-looking statements made pursuant to the Safe Harbor provision
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Price Size Exch Time 0.01 100000 OTO 15:08:33 0.01 50000 OTO 15:08:03 0.0095 50000 OTO 15:07:29 0.0095 50000 OTO 15:06:44 0.009 50000 OTO 15:06:03 0.009 10000 OTO 15:05:52 0.009 25000 OTO 15:05:51 0.009 25000 OTO 15:05:02 0.009 25000 OTO 15:04:52 0.009 25000 OTO 15:04:46 0.009 20000 OTO 14:54:58 0.008 100000 OTO 14:52:44 0.008 25000 OTO 14:50:11 0.008 95000 OTO 14:49:35 0.008 70000 OTO 14:49:32 0.008 25000 OTO 14
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Keep an eye on it ... could be a bottom bouncer... FLOAT 18M traded 1/3 yesterday
Outstanding Shares: 179,505,030 as of 2006-10-17
Estimated Market Cap: 1.795M as of 2006-11-14 (based on Outstanding Shares as of 2006-10-17) Authorized Shares: 410,000,000 as of 2006-10-13 Float: 18,230,000 as of 2006-10-13 Number of Shareholders of Record: 142 as of 2006-10-25
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CEMTREX INC (U-CTEX) - News Release Cemtrex Receives Order for Three Laser Opacity Monitors
2006-11-15 13:15 ET - News Release
FARMINGDALE, N.Y., Nov. 15 /PRNewswire-FirstCall/ -- Cemtrex Inc. announced today that it has received an order to supply three laser opacity monitors to Montenay York Resource Energy Systems in Pennsylvania. The Company's state-of-the-art EPA compliance monitors will be used to monitor the particulate emissions to the atmosphere from the waste-to-energy facility.
Cemtrex's LM3086EPA3 laser opacity monitor provides the highest accuracy and long-term reliability available for opacity and dust measurements. An EPA-certified monitoring system, the monitor is a lightweight, efficient solution for determining opacity or dust concentration in stack gases. Proven in more than 500 installations worldwide, it advances the state of opacity monitoring with higher levels of accuracy, flexible installation and reduced long-term maintenance.
Cemtrex, through its MIP division, is engaged in manufacturing and selling the most advanced and custom-engineered instruments for emission monitoring. The Company offers complete range of Process and Air Emissions monitoring instruments and software for all pollutants regulated by the EPA, including dust, opacity, CO2, O2, SO2, NOx, CO, flow, moisture, ammonia, mercury and hydrocarbons. Cemtrex also provides turnkey services for carbon creation projects from abatement of greenhouse gases pursuant to the Kyoto Protocol. The Company's products are sold to power plants, refineries, chemical
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