Gulf Res (GURE) Reports Q3 EPS of $0.13

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Go back to Gulf Res (GURE) Reports Q3 EPS of $0.13

Gulf Resources Reports Third Quarter 2014 Financial Results

November 7, 2014 4:30 PM EST

SHOUGUANG, China, Nov. 7, 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 third quarter ended September 30, 2014.

Third Quarter 2014 Highlights

Net revenue was $31.1 million, a year-over-year decrease of 6% Gross profit was $9.2 million, a year-over-year decrease of 16% Gross margin was 30%,as compared to 33% for the third quarter of 2013 Income from operations was $6.7 million, as compared to $10.9 million in the third quarter of 2013, a... More