CEMTREX INC [CETX] posts $13.29M loss as revenue rises 16.56% to $50.27M

CEMTREX INC [CETX] posted a loss of $13.29M, marking a fall of 3475.57% for this year.

Revenue rose to $50.27M this year compared to $43.13M in the previous year.

According to the latest annual report the company has filed with the SEC, current earnings were $-13.29M, down 3475.57% from $0.3938M.

The company’s net sales for the period were $50.27M, up 16.56%. Net sales in the previous year were $43.13M.