Gulf Resources Reports Third Quarter 2017 Financial Results
Gulf Resources, Inc. (GURE)
US:NASDAQ Investor Relations:
gulfresourcesinc.com
Company Research
Source: GlobeNewswire
SHOUGUANG, China, Nov. 13, 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 Third quarter ended September 30, 2017. Three Months Ended September 30, 2017 Net Revenue declined 39% to $23,840,391.Gross Profit declined 41% to $9,321,952General and Administrative expenses increased 176% to $4,451,027Income from operations declined 65% to $4,835,252.Net Income declined 67% to $3,425,640Earnings per share declined 70% to $0.07 from $0.23.For the nine months, cash flow from operations was $23,477,422.Free cash flow was $21,721,081*, an increase of 88%.Free cash flow per fully diluted share totaled $0.46*.Cash on hand totaled $193,385,686, ($4.13* per share).Net net cash (cash minus all liabilities) totaled $183,654,582 ($3.92* per share).Shareholders’ Equity equaled $392,838,078 ($8.39* per full
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- Gulf Resources Announces Receipt of Nasdaq Non-Compliance NoticeGlobeNewswire
- Gulf Resources Announces Change in Independent Auditors [Yahoo! Finance]Yahoo! Finance
- Gulf Resources Announces Change in Independent AuditorsGlobeNewswire
- Gulf Resources Provides Update on the Yuxin Chemical Factory [Yahoo! Finance]Yahoo! Finance
GURE
Sec Filings
- 4/19/24 - Form 8-K
- 4/16/24 - Form 8-K
- 3/28/24 - Form NT
- GURE's page on the SEC website