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Gulf Resources Inc (GURE.OQ)

GURE.OQ on NASDAQ Stock Exchange Global Select Market

0.80USD
7 Dec 2018
Change (% chg)

$-0.03 (-3.63%)
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Open
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Volume
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8,838
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Latest Key Developments (Source: Significant Developments)

Gulf Resources Provides Updates On Its Chemical Business
Thursday, 30 Nov 2017 08:00am EST 

Nov 30 (Reuters) - Gulf Resources Inc ::GULF RESOURCES PROVIDES UPDATES ON ITS CHEMICAL BUSINESS.GULF RESOURCES INC - ‍ON NOV 24, CO RECEIVED LETTER FROM PEOPLE'S GOVERNMENT OF YANGKOU COUNTY, SHOUGUANG CITY​.GULF RESOURCES INC - LETTER ‍ NOTIFYING CO, DUE TO NEW STANDARDS,REGULATIONS, DECIDED TO RELOCATE CHEMICAL ENTERPRISES TO NEW INDUSTRIAL PARK​.GULF RESOURCES INC - ‍BELIEVE THE RELOCATION PROCESS WILL COST BETWEEN $50 MILLION TO $60 MILLION​.GULF RESOURCES INC - ‍WILL TAKE A WRITE-DOWN TO BOOK VALUE AFTER DETERMINING WHICH EQUIPMENT WE WILL MOVE AND WHICH WE WILL REPLACE​.GULF RESOURCES INC -"‍IN 2019, WE EXPECT TO HAVE OUR NEW CHEMICAL FACTORY BEGIN OPERATIONS​".  Full Article

Gulf Resources reports Q3 earnings per share $0.07
Monday, 13 Nov 2017 04:30pm EST 

Nov 13 (Reuters) - Gulf Resources Inc :Gulf Resources reports third quarter 2017 financial results.Q3 earnings per share $0.07.Q3 revenue fell 39 percent to $23.84 million.Gulf Resources Inc - ‍Because factories are closed, company does not expect any revenues associated with production in Q4​.Gulf Resources Inc - ‍Company believes that its cash burn, excluding rectification costs, should not exceeding $4 million for Q4​.  Full Article

Gulf Resources expects reduced earnings for Q3 and a loss for Q4 2017​
Wednesday, 1 Nov 2017 08:30am EDT 

Nov 1 (Reuters) - Gulf Resources Inc :Gulf Resources provides updates on the rectification of its bromine business.Gulf Resources - ‍ company and government of Yangkou County, Shouguang City have now agreed on a plan for Haoyuan Chemicals, company's bromine business​.Gulf Resources Inc - ‍expect that bromine and chemical operations will be closed during entire Q4 of 2017​.Gulf Resources Inc - agreed on a plan for Haoyuan Chemicals which includes coal boilers should be dismantled.Gulf Resources Inc - ‍as a result operations being closed company will report reduced earnings for Q3 of 2017 and a loss for Q4 of 2017​.Gulf Resources Inc - ‍Gulf Resources would like to reiterate to investors that as of June 30, 2017, company had more than US$176 million in cash​.Gulf Resources-after rectification of bromine business is completed, County to entrust governmental supervisory departments to conduct joint inspection​.Gulf Resources-may start production again if bromine business pass inspection,otherwise production to be halted until rectification has been approved​.Gulf Resources Inc - ‍ believes rectification for all of bromine business will be completed and that operations will recommence by end of March 2018​.Gulf Resources Inc - ‍ "at this time, the government has not issued plans for company's chemical business"​.Gulf Resources Inc - ‍ believes completing all of rectification steps of its bromine business will cost approximately US$35 million​.  Full Article

Gulf Resources Q4 earnings per share $0.78
Friday, 17 Mar 2017 04:45pm EDT 

Gulf Resources Inc : Gulf Resources reports fourth quarter and fiscal year 2016 financial results . Q4 revenue $28.37 million versus $35.45 million . Q4 earnings per share $0.78 . Q4 earnings per share $0.78 .Gulf Resources Inc - Gulf is continuing to finalize paperwork on merger between its two chemical subsidiaries.  Full Article

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