Gulf Resources (GURE) Sees FY16 Revenue of $160M-$170M
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Gulf Resources Announces Sales and Earnings Guidance for 2016
May 18, 2016 8:00 AM EDTSHOUGUANG, China, May 18, 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 Sales and Earnings Guidance for 2016.
For the year 2016, Gulf Resources projects annual revenue from $160-$170 million compared to revenues of $162 million in 2015. Net Income is projected to be between $35-36 million, compared to $34.1 million in 2015. Fully diluted EPS should equal or somewhat exceed the $0.74 reported in 2015.
For the second quarter, revenues should be between... More
