Lower bromine prices hit Gulf Resources Q1 profit
Published: Monday, 13 May 2013
CEO says sequential price increases signal uptick in demand
Chinese chemical manufacturer
Gulf Resources Inc. has reported a fall in
net income to $1.9m for Q1 2013, down from $3.3m for the same
quarter a year ago.
The bromine, crude salt and speciality chemical producer
highlighted a 9% drop in bromine prices
year-on-year (y-o-y) as a key...