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Stock impact report

Gulf Resources Reports Second Quarter 2017 Financial Results

Gulf Resources, Inc. (GURE) 
US:NASDAQ Investor Relations: gulfresourcesinc.com
Company Research Source: GlobeNewswire
SHOUGUANG, China, Aug. 11, 2017 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq:GURE) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt, specialty chemical products, and natural gas in China, today announced its financial results for the second quarter ended June 30, 2017. Reported Income from operations increased 7%.Excluding Unrealized gain/(loss) on translation of intercompany balance (currency adjustments) income from operations increased 13.8% *.Reported diluted EPS was $0.29 vs. $0.28, an increase of 3.6%*.Diluted EPS excluding Unrealized gain/(loss) on translation of intercompany balance (currency adjustments) reported EPS $0.30 vs. $0.27, an increase of 11.9%*.Comprehensive Net Income increased 512%* to $21,012,915 from $3,436,246.Cash at the end of the quarter $176,303,274 ($3.77* per diluted share).Shareholders’ Equity increased 8.9%* to $8.13* per diluted share since December 31, 2016.. Second Quarter Ending June 30, 2017 “Gulf Resourc Show less Read more
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