Gulf Resources (GURE) provided investors with a detailed overview of the key factors impacting its bromine segment, specifically focusing on how changes in both pricing and volume have influenced performance. Liu Xiaobin, the Chief Executive Officer of Gulf Resources, stated, “As the price of bromine declined, we made a decision to protect the long-term value of our assets by controlling our sales. As utilization dropped sharply, our costs per tonne increased. However, as the economy showing signs of improvement, we are now in a position to increase our utilization. We believe this will positively impact our future results.”
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on GURE:
- Gulf Resources reports Q3 EPS (33c) vs. (17c) last year
- Gulf Resources says ‘seeing signs’ to be more optimistic
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
