	gulf resources gre sees st qtr pretax profit gulf resources and chemical corp said the sale of its stake in imperial continental gas association will result in a pre tax profit of about mln dlrs or dlrs per share fully duliuted in the first quarter of gulf said it sold its remaining stake in imperial of shares and units of loan stock for mln dlrs based on an exchange rate of one pound sterling at dlr as previously reported it sold of its imperial shares on march nine gulf said the sale of the imperial shares were accepted as part of a recent tender offer made by groupe bruxelles lambert s a and tractebel s a under the terms of the offer gulf said it is entitled to receive a supplementary payment if a general offer to acquire imperial continental or its calor group or contibel holdings becomes wholly unconditional before jan at a price above the tender off of pence per share reuter 
