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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.
Safe Harbor Statement
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 of the Private Securities Litigation Reform Act of 1995. All statements based on future expectations rather than historical facts are forward-looking statements that involve a number of risks and uncertainties, and Cemtrex cannot provide assurance that such statements will prove to be correct. Cemtrex undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
For further information, please contact:
Cemtrex, Inc. URL: http://www.cemtrex.com Email: agovil*cemtrex.com Aron Govil, CEO * (516) 816-1400
This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com.
-------------------- This is not a recommendation to buy or sell securities. Posts: 1206 | Registered: Feb 2006
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Business Description: Cemtrex provides turnkey services that allow its customers to create and monetize carbon assets. Cemtrex also provides complete emission monitoring systems for a wide variety of industries such as; power, steel, mining, cement, fertilizer, ferrous & non-ferrous metals, chemicals and refining.
Primary State of Incorporation: Delaware
Country of Incorporation: USA Year of Incorporation 1998
Estimated Market Cap: 1.436M as of 2006-10-24 (based on Outstanding Shares as of 2006-10-17) Authorized Shares: 110,000,000 as of 2004-12-01 Float: 952,266 as of 2004-12-15 Number of Shareholders of Record: 94 as of
Current Capital Change: shs increased by 15 for 1 split Ex-Date: 2006-10-17 Record Date: 2006-10-13 Pay Date: 2006-10-16
Dividends:
Company Notes: Formerly=Diversified American Holdings, Inc. until 11-98 Formerly=Strateginet, Inc. until 12-04
Class Notes: Capital Change=shs decreased by 1 for 10 split. Pay-date=11-20-98 Capital Change=shs increased by 2.5 for 1 split. Ex-date=6-21-00. Rec-date=5-31-00. Pay-date=6-20-00. Capital Change=shs decreased by 1 for 10 split. Pay-date=11-15-01 Capital Change=shs decreased by 1 for 2 split. Pay date=12/28/2004.
Transfer Agent: First American Stock Transfer, Phoenix, AZ 85022-6642
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven Posts: 3255 | From: Orlando, FL | Registered: Mar 2006
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Today’s Price Performance as of 12:55pm EDT, 10/25/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.01 Last Price 0.0020 +25.00% Today’s Change $0.0080 Today’s Open 1,801,300 Above Avg. Today’s Volume
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven Posts: 3255 | From: Orlando, FL | Registered: Mar 2006
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-- Period -- --- High --- --- Low --- 5-Day 0.0170 on 10/18/06 0.0070 on 10/23/06 20-Day 0.4800 on 10/06/06 0.0070 on 10/23/06 65-Day 0.5000 on 07/27/06 0.0070 on 10/23/06 100-Day 1.0100 on 06/16/06 0.0070 on 10/23/06 260-Day 1.0100 on 06/16/06 0.0070 on 10/23/06 Year to Date 1.0100 on 06/16/06 0.0070 on 10/23/06
Posts: 3228 | From: Michigan | Registered: Aug 2005
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posted
Are u kidding me... I had put an order at 0.009 and it got picked again.. Hehe hehe I am in again!
Posts: 1206 | Registered: Feb 2006
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