Gulf Resources Q1 revenues up 70% to $8.93M; operating loss cut 98% to $65K; to present 6-year plan by June

GULF RESOURCES, INC.

Net revenues $8.93M (+70% YoY); gross profit $4.38M (+306%); operating loss narrowed to $65K.
Bromine revenue $8.13M (+69%); average price $8,086/tonne (+60.5%); utilization rate 19%.
Crude salt revenue $754K (+68%); gross profit $124K; chemicals revenue $0, loss $513K.
Cash $105.66M ($10.05/sh); operating cash flow $8.45M; shareholders' equity $288.07M ($27.39/sh).
Company to provide 6-year financial plan by end of June 2022 via conference call; expects profitable remaining 2022.

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