Gulf Resources, Inc (GUFR.OB) Announces Third Quarter 2007 Financial Results
Gulf Resources, Inc. (GUFR.OB) announced financial results for the third quarter ended September 30, 2007. Net Revenues for the third quarter of 2007 increased 81.3 percent to $16.4 million. Compared to the $9.1 million reported for the third quarter of 2006, this represents a significant increase. Much of this increase can be attributed to a strong growth in sales of bromine and crude salt; increasing more than 132.1 percent from $4.7 million in the third quarter of 2006 to $10.9 million in the third quarter of 2007. Furthermore, cost of revenue for the third quarter of 2007 totaled $9.6 million.…