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Stock impact report

Gulf Resources Announces Third Quarter and Nine Months 2024 Unaudited Financial Results

Gulf Resources, Inc. (GURE) 
US:NASDAQ Investor Relations: gulfresourcesinc.com
Company Research Source: GlobeNewswire
SHOUGUANG, China, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq: GURE) ("Gulf Resources", “we,” or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China today announced its unaudited financial results for the nine and three months ended September 30, 2024. Three Months ended September 30, 2024: Revenues for the third quarter were $2,242,365, a decline of 61.8% compared to the same period of 2023.The net loss was $3,492,883, and the basic and diluted loss was $0.33 per share.During the third quarter, bromine revenues declined by 68% to $1,571,313 and crude salt revenues declined by 26% to $654,039.Bromine operation loss was $4,029,999, while crude salt operation loss was $102,657.The losses from operations from our currently inactive chemical and natural gas businesses were $339,038 and $39,072, respectively. Nine Months ended September 30, 2024: For the nine months, revenues were $5,932,596, a decline of 7 Show less Read more
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