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Gulf Resources Inc (GURE.OQ)

GURE.OQ on NASDAQ Stock Exchange Global Select Market

1.43USD
14 Dec 2017
Change (% chg)

$-0.01 (-0.69%)
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Latest Key Developments (Source: Significant Developments)

Gulf Resources Provides Updates On Its Chemical Business
Thursday, 30 Nov 2017 

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
Tuesday, 14 Nov 2017 

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 

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
Saturday, 18 Mar 2017 

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

Gulf resources reports merger of Yuxin and Rongyuan
Tuesday, 30 Aug 2016 

Gulf Resources Inc : Gulf resources announces the merger of Yuxin chemical and Rongyuan chemical . Under terms of agreement, Yuxin will acquire Rongyuan. . Gulf Resources Inc says under terms of agreement, Yuxin will acquire Rongyuan .Gulf Resources Inc says after merger is completed, during q3 of 2016, Yuxin will be surviving division.  Full Article

Gulf Resources Inc - "We believe we will begin production on first well in October or November"
Thursday, 11 Aug 2016 

Gulf Resources Inc : Gulf Resources reports second quarter 2016 financial results . Q2 earnings per share $0.28 . Q2 revenue fell 4 percent to $47.6 million . "We are looking for various strategies for reducing our cost structure in chemical segment" ."We believe we will begin production on first well in October or November".  Full Article

Gulf Resources announces sales and earnings guidance for 2016
Wednesday, 18 May 2016 

Gulf Resources Inc : Gulf Resources announces sales and earnings guidance for 2016 . For year 2016, Gulf Resources Projects annual revenue from $160-$170 million . 2016 net income is projected to be between $35-36 million, compared to $34.1 million in 2015 . Sees 2016 fully diluted EPS should equal or somewhat exceed $0.74 reported in 2015 . For Q2, revenues should be between $49-$50 million . Sees Q2 net income should be between $10-$11 million, as compared to $10.8 million in Q2 of 2015 .Sees Q2 EPS should be between $0.21-$0.24, compared to $0.23 in Q2 of 2015.  Full Article

Gulf Resources Q1 earnings per share $0.14
Thursday, 12 May 2016 

Gulf Resources Inc : Utilization ratio decreased by 2% for three-month period ended march 31, 2016 . "do not know how Chinese economy will fare during remainder of 2016" . Gulf Resources reports first quarter 2016 financial results . Q1 earnings per share $0.14 .Q1 revenue fell 1 percent to $34.5 million.  Full Article

BRIEF-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​

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