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Article: Gulf Resources Reports Third Quarter 2009 Results, Increases 2009 Revenue and Net Income Guidance.
- Article from:
- PR Newswire
- Article date:
- November 9, 2009
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NEW YORK & SHANDONG PROVINCE, China, Nov. 9 /PRNewswire-Asia-FirstCall/ -- Gulf Resources, Inc. ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced its financial results for the three and nine months ended September 30, 2009.
Third Quarter 2009 Highlights and Recent Events
-- Net revenue was $27.7 million, a year-over-year increase of 57.6%
-- Gross profit was $12.1 million, a year-over-year increase of 96.8%
-- Gross margin was 43.9%, compared to 35.1% in the third quarter of 2008
-- Net income was $8.3 million, or $0.27 per basic and diluted share, up
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