Lynas cuts back fiscal year 2015 losses by 66% y-o-y

By James Sean Dickson
Published: Monday, 21 September 2015

The rare earths producer has made significant strides in reducing its losses. The company’s increase in production volumes and sales is likely to have been one of the biggest factors in the more positive fiscal year results.

Australian rare earths miner Lynas Corp. Ltd has scaled back its full fiscal year losses by two thirds year-on-year (y-o-y), the company divulged in its 2015 results.

In 2015, Lynas recorded a post-tax net loss of Australian dollar (A$) 118.6m ($85.2m*), down substantially on the A$345.5m net loss the company posted for...

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