Cemtrex Inc (CETX)

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CETX bullish 4.98


Cemtrex Announces Preliminary Fiscal Year 2016 Results

“With FY 2016 revenue up at least 64% compared to the prior year and EBIDTA up approximately 74% compared to the similar period a year ago, we have delivered 571% sales growth and 1600% net income growth since fiscal 2013,” said Saagar Govil, Chairman & CEO. “During this period we have positioned the Company towards a diversified model which aims to capitalize on the continued global growth in highly advanced electronics manufacturing and the industrial equipment and services markets, thus providing increasing momentum for continued profitable growth in the coming years.”
http://finance.yahoo.com/news/cemtrex-announces-preliminary-fiscal-2016-134600917.html


Cemtrex Enters into Agreement to Acquire Electronics Manufacturer, Establishing Presence in Silicon Valley

Cemtrex’s Chairman and CEO, Saagar Govil, commented on the acquisition news, “This pending acquisition is a strategic milestone in our effort to strengthen our electronics manufacturing solutions business. Silicon Valley is exactly where we want to be as we know the opportunities for our products and services will be in high demand long into the future. With this deal we will also be acquiring a support office in India which will allow us to leverage low cost engineering and administrative support to be competitive globally.”
http://finance.yahoo.com/news/cemtrex-enters-agreement-acquire-electronics-130000492.html


















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