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People & Business :: Companies

Gulf Resources Reports Slight Income Increase

2:33 PM MDT | May 12, 2009 | Vincent Valk

Gulf Resources reported net income of $6.5 million for the second quarter, an incease of $400,000 from the year-ago period. The income amounted to earnings of 6 cts/share. The company's profit totaled $10.1 million on revenues of $23.6 million. The latter figure is a 7.3% increase from the amount reported in the year-ago period. The company expects full-year earnings to total $27 million to $29 million, or about 22-24 cts/share. Full-year revenues are expected to be in the $98 million to $103 million range. “As prices for chemical products utilizing bromine...

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