- Gulf Resources ( NASDAQ: GURE ) announced Wednesday that the company has received approval from Shouguang Yangkou Town People’s Government to resume production at its bromine factory no. 8.
- The factory is estimated to start generating revenue in Q4 2022 and result in an increase of about 20% in annual production capacity of the company's operating factories.
- In addition, the chemical products company said it will be providing investors with projections for its bromine business for the remainder of the year by the end of Aug. 2022.
- GURE stock is up 4% on Wednesday.
- Earlier: Gulf Resources GAAP EPS of $0.37, revenue of $15.71M
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Gulf Resources secures approval to resume production at bromine factory