Gulf Resources, Inc. Provides Earnings Guidance for the Second Quarter and Full Year of Fiscal Year 2021
May 17, 2021 at 04:45 pm EDT
Share
Gulf Resources, Inc. provided earnings guidance for the second quarter and full year of fiscal year 2021. For the second quarter, the Company estimates its net revenue will be in the range of $12.0 million to $14.0 million. Net income will be estimated to be in the range of $2.0 million to $2.4 million without considering non-operational factors.
For the full 2021 fiscal year, the Company estimates net revenue will be in the range of $45 million to $47 million and net income will be in the range of $4.2 million to $4.7 million without considering non-operational factors.
Gulf Resources, Inc. is a holding company. The Company manufactures and trades bromine and crude salt; manufactures and sells chemical products used in oil and gas field exploration, oil and gas distribution, oil field drilling, wastewater processing, papermaking chemical agents and inorganic chemicals, and manufactures and sells materials for human and animal antibiotics. The Company operates in three segments: bromine, crude salt and chemical products. Crude salt is the principal material in alkali production, as well as chlorine alkali production and is used in the chemical, food and beverage, and other industries. Its Chemical products include Hydroxyl guar gum, Demulsified agent, Corrosion inhibitor for acidizing, Bactericide, Iron ion stabilizer, Flocculants agent, Bromopropane, Solid lubricant, Polyether lubricant and Chlorantraniliprole. Its production sites are located in the Shandong Province in northeastern China.
GULF RESOURCES, INC. 
