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Gulf Resources (GURE) Shares Surge on Strong Financial Results
Gulf Resources, Inc. (GURE)
Shares of GURE surged after the company delivered strong financial results compared to last year.
For the third quarter 2013, GURE posted net revenue of $32,935,277, an increase of approximately $8.4 million (or 34%) as compared to the same period in the prior year, and net income of $8,109,729, an increase of $3,996,513 (or approximately 97%) compared to the same period in 2012.
GURE is a leading provider of bromine, crude salt and a portfolio of various specialty chemicals throughout China. Its products are necessary components for China's flourishing oil and papermaking industries.
GURE operates through two wholly-owned subsidiaries, Shouguang City Haoyuan Chemical Company Limited, which primarily produces and distributes bromine and crude salt, and Shouguang Yuxin Chemical Industry Co., Limited, which focuses on manufacturing and selling chemical products.
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