Lynas reports solid results, despite difficulties

Rare earths miner Lynas has reported its second consecutive full year profit during the year ended June, with net profits after tax increasing from A$53.1-million in 2018 to A$80-million.

Earnings before interest, tax, depreciation and amortization declined from A$121.9-million to A$100.7-million, while revenue reached A$363.5-million, a fall from the A$374.1-million reported in the previous financial results, despite record rare earth oxide production.