Brief: Gulf Resources Provides Guidance For Q4, Announces The Receipt Of Governmental Notification To Temporarily Close Bromine Facilities
30/11/2020 13:37
Nov 30 (Reuters) - Gulf Resources Inc GURE.O :
* GULF RESOURCES PROVIDES GUIDANCE FOR FOURTH QUARTER 2020
AND
ANNOUNCES THE RECEIPT OF GOVERNMENTAL NOTIFICATION TO
TEMPORARILY CLOSE BROMINE FACILITIES
* GULF RESOURCES - HAS RECEIVED NOTIFICATION ALL BROMINE
FACILITIES IN SHOUGUANG CITY WILL BE TEMPORARILY CLOSED FROM DEC
25 UNTIL FEB 19, 2021
* GULF RESOURCES INC - DOES NOT ANTICIPATE CLOSURE OF
BROMINE
FACILITIES WILL SIGNIFICANTLY IMPACT COMPANY'S BUSINESS
* GULF RESOURCES INC - STILL BELIEVES IT MAY REACH
BREAK-EVEN
CLOSELY AT NET INCOME APPROXIMATELY BETWEEN $0.5 MILLION TO $1.0
MILLION FOR Q4
* GULF RESOURCES INC - STILL BELIEVES IT MAY REACH REVENUE
APPROXIMATELY BETWEEN $8.0 MILLION TO $9.0 MILLION FOR Q4
* GULF RESOURCES INC - DOES NOT BELIEVE CLOSURE OF BROMINE
FACILITIES WILL HAVE A SIGNIFICANT IMPACT ON 2021 RESULTS
Source text for Eikon: ID:nGNX5rCfhS
Further company coverage: GURE.O
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