Impairment strikes Galaxy profit

ASX-listed lithium miner Galaxy Resources has seen revenues halved during the year ended December, while the miner swung to a loss.

Revenue for the year ended December reached $69.5-million, down from the $153.9-million reported in the previous financial year, as Galaxy reported a loss after tax of $283.7-million, compared with a profit of $150.2-million in 2018.