Gulf Resources Inc. (GFRE.OB) Sees $23M in New Orders, a Sharp 4th Quarter Increase

Gulf Resources, Inc. (OTCBB: GFRE) reported it was revising its expected 2008 income to between $20 million and $23 million. This positive change came after the company, a manufacturer of bromine, crude salt and specialty chemical products in China, announced about $23 million in new customer orders for the fourth quarter, up significantly over the third quarter of 2008.