FARMINGDALE, NY -- Cemtrex announced first quarter consolidated revenue increased 121% to $29.4 million.

For the three months ended Dec. 31, net income rose 103% to $1.41 million. EBITDA was up 138% to $2.65 million from a year ago.

Cemtrex chairman and CEO Saagar Govil said, "We are extremely pleased with our first quarter results and quite proud of what we have accomplished in the past 12 months. With our rights offering now complete, we plan to continue on our path of strong growth while executing accretive acquisitions in this fiscal year as well."

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