Fourth Quarter 2012 ResultsGulf 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.
Gulf Resources Reports Fourth Quarter And Fiscal Year 2012 Financial Results
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