Gulf Resources Q2 net income $3.9M ($0.37 EPS) vs loss of $2.7M; revenue up 41% to $15.7M

GULF RESOURCES, INC.

Q2 revenue $15.7M (+41% YoY); net income $3.9M vs loss $2.7M; EPS $0.37 vs loss $0.26.
Bromine avg selling price $7,740/tonne (up from $5,556), segment revenue +38% to $13.9M.
Chemical factory delayed; $0 revenue; $45.6M spent on construction; total cost est. $69M.
Three factories (No.2,8,10) remain closed; hope to reopen one in 2022, another early 2023.
Cash $79.1M, book value $26.32/share, invested $32.8M in bromine wells and infrastructure.

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