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Gulf Resources reports a 61.8% revenue drop and a net loss in Q3, yet CEO remains optimistic.
China-based Gulf Resources, a maker of bromine, crude salt, and chemicals, reported a 61.8% drop in revenues to $2,242,365 for Q3 2024, with a net loss of $3,492,883.
Bromine revenues fell 68% and crude salt revenues dropped 26%.
Despite the losses, the company's CEO remains optimistic about China's economic recovery and the firm's future profitability.
A conference call is scheduled for November 20, 2024, to discuss these results.
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Gulf Resources reporta una caída de los ingresos del 61,8% y una pérdida neta en el tercer trimestre, pero el CEO sigue siendo optimista.