This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Gulf Resources Reports Fourth Quarter And Fiscal Year 2012 Financial Results

Stocks in this article: GURE

Fourth Quarter 2012 Results

Gulf Resources' revenue was $22.0 million for the fourth quarter of 2012, a decrease of 27.8% from $30.5 million for the fourth quarter of 2011. The decrease in net revenue was primarily attributable to the decline in selling price and sales volume in the bromine segment. Revenue from the bromine and crude salt segments was $11.4 million and $2.7 million, respectively, representing a decrease of 42.1% and increase of 12.3% for bromine and crude salt segments, respectively. The total revenue of both bromine and crude salt business segments represented 64% of sales revenue for the fourth quarter of 2012.

Revenue from the chemical products segment was $7.9 million, or 36% of total revenue, for the fourth quarter of 2012, a decrease of 7% from $8.5 million in the corresponding period in 2011. The decrease in revenue from this product segment was mainly due to a drop in sales volume for pesticide manufacturing additives, which offset the incremental benefit arising from the increase in chemical product prices for oil field and exploration additives and a higher sales volume for paper manufacturing additives, as compared to the same quarter last year.

Gross profit for the fourth quarter of 2012 was $4.2 million, a decrease of 59.5% from $10.4 million from the fourth quarter of 2011, and gross profit margin for the three months ended December 31, 2012 was 19.1%, as compared to 34.1% for the corresponding period last year. The decrease in gross margin was mainly due to the decrease in selling prices in bromine segments, as compared to the same period last year.

Sales, marketing and other operating expenses for the fourth quarter of 2012 were $21,204, as compared with $19,075 for the corresponding quarter last year.

General and administrative expenses for the fourth quarter of 2012 were $1.0 million, as compared to $6.4 million for the fourth quarter of 2011. The lower general and administrative expenses for the fourth quarter in 2012 were mainly due to the lower expenses incurred related to management expenses and exploration costs.

2 of 5

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs