Gulf Resources, Inc. (GURE) Reports Q1 EPS of $0.11

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Go back to Gulf Resources, Inc. (GURE) Reports Q1 EPS of $0.11

Gulf Resources Reports First Quarter 2014 Financial Results

May 9, 2014 4:30 PM EDT

SHOUGUANG, China, May 9, 2014 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq: GURE) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced its financial results for the first quarter ended March 31, 2014.

First Quarter 2014 Highlights

Net revenue was $25.6 million, a year-over-year increase of 14% Gross profit was $6.9 million, a year-over-year increase of 52% Gross margin increased to 27%, as compared to 20% in the first quarter of 2013 Income from operations was $5.6 million, as compared to $2.6 million in the first quarter of 2014, a... More