Gulf Resources Reports Fourth Quarter and Fiscal Year 2017 Financial Results
Gulf Resources, Inc. (GURE)
US:NASDAQ Investor Relations:
gulfresourcesinc.com
Company Research
Source: GlobeNewswire
SHOUGUANG, China, March 19, 2018 (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 fourth quarter and fiscal year ended December 31, 2017. Fiscal Year 2017 Highlights Year-end cash $208,906,759 ($4.46*) per share.The net cash position increased by $45,022,185 ($0.96* per share).Net net cash was $197,967,532* ($4.23* per share).Working capital was $237,847,214 ($5.08* per share).Book value was $376,560,196 ($8.05* per share).Cash from operations $62,751,616 ($1.34* per share).Total revenue was $107,522,441, a decline of 28% compared to the previous year.Gross profit decreased 19% to $44,365,351. Income from operations declined 77% to $11,171,611. This includes the impairment of property plant and equipment due to the relocation of the chemical business of $16,636,322 and a charge for direct labor and factory
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GURE
Sec Filings
- 1/30/24 - Form 8-K
- 12/28/23 - Form 4
- 12/28/23 - Form 4
- GURE's page on the SEC website