Friday, August 07, 2015 4:38:46 PM
In the second quarter, net revenues grew to $49.35m from $31.75m in the same quarter of the previous year, an increase of 55%. Gross profit grew to $17.1m from $9.2m, an increase of 86%. Net income grew to $10.78m from $5.66m, an increase of 90%. Diluted earnings per share grew to $0.23 from $0.14, an increase of 64%. "We are extremely pleased with these very strong results," Mr. Liu Xiaobin, the President and CEO of Gulf Resources stated.
Gulf Resources ended the quarter with cash of $118m ($2.55 per share), working capital of $176.7m ($3.82 per share), and shareholders' equity of $342.2m, ($7.40 per share). "Our balance sheet is very strong," Mr. Liu continued. "It gives us the flexibility to pursue natural gas leases, make acquisitions, and potentially provide capital enhancement strategies for our shareholders."
For the six months ended June 30, 2015, net revenues grew to $84.3m from $57.3m, an increase of 47%. Gross profits grew to $26.5m from $16.0m, an increase of 65%. Net income grew to $16.1m from $9.95m, an increase of 62%. Earnings per diluted share grew to $0.36 from $0.25, an increase of 44%.
Recent GURE News
- Form 8-K - Current report • Edgar (US Regulatory) • 08/22/2024 08:30:45 PM
- Gulf Resources Announces Receipt of Nasdaq Non-Compliance Notice • GlobeNewswire Inc. • 08/22/2024 08:15:00 PM
- Gulf Resources Receives Extension from NASDAQ to Regain Compliance • GlobeNewswire Inc. • 07/08/2024 12:30:00 PM
- Gulf Resources Announces the Signing of Agreements to Acquire Crude Salt Fields • GlobeNewswire Inc. • 07/03/2024 12:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/22/2024 08:45:34 PM
- Gulf Resources Announces Receipt of Nasdaq Non-Compliance Notice • GlobeNewswire Inc. • 05/22/2024 08:30:00 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/14/2024 08:00:26 PM
- Gulf Resources Announces Receipt of Nasdaq Non-Compliance Notice • GlobeNewswire Inc. • 04/19/2024 08:30:00 PM
- Gulf Resources Announces Change in Independent Auditors • GlobeNewswire Inc. • 04/18/2024 12:30:00 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 01/30/2024 09:49:15 PM
- Gulf Resources Announces the Completion of the Flood Prevention Project • GlobeNewswire Inc. • 01/30/2024 01:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/28/2023 09:47:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/28/2023 09:46:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/28/2023 09:46:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/28/2023 09:46:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/28/2023 09:45:53 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 12/22/2023 09:47:16 PM
- Gulf Resources Announces the Receipt of Governmental Notification to Temporarily Close Bromine Facilities • GlobeNewswire Inc. • 12/22/2023 09:30:00 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/21/2023 09:30:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/21/2023 09:30:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/21/2023 09:30:13 PM
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