Gulf Resources (GURE) Reports Q4 EPS of $0.16

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Go back to Gulf Resources (GURE) Reports Q4 EPS of $0.16

Gulf Resources Reports Fourth Quarter and Fiscal Year 2015 Financial Results

March 15, 2016 4:30 PM EDT

SHOUGUANG, China, March 15, 2016 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq: GURE) ("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 fourth quarter and fiscal year ended December 31, 2015.

Fiscal Year 2015 Highlights

Net revenues increased 43% to $162,317,120.Gross profit increased 67% to $53,281,250.Income from operations increased 90% to $45,164,710.Net income increased 91% to $34,068,037.Primary EPS increased 63% to $0.75 from $0.46.Fully diluted EPS increased 61% to $0.74.Cash flow from operations increased 51% to $70,401,210.Cash was $133,606,392 or $2.89... More