US

Gulf Resources posts 1Q profit

SHOUGUANG, China (AP) _ Gulf Resources Inc. (GURE) on Friday reported first-quarter earnings of $8.1 million.

On a per-share basis, the Shouguang, China-based company said it had profit of 17 cents.

The specialty chemicals company posted revenue of $32.8 million in the period.

In the final minutes of trading on Friday, the company's shares hit $1.91. A year ago, they were trading at $1.43.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GURE at https://www.zacks.com/ap/GURE

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Keywords: Gulf Resources, Earnings Report