Lynas reports smaller FY loss

COST-SAVING initiatives and a strong fourth quarter performance were highlights in an improved financial year for Lynas Corporation, though concerns over commodity price volatility remain.

Lynas reports smaller FY loss Lynas reports smaller FY loss Lynas reports smaller FY loss Lynas reports smaller FY loss Lynas reports smaller FY loss

Lynas recorded a before tax net loss of $A118.6 million for FY15, a significant improvement for the rare earths producer compared with the previous financial year’s figure of a $345 million loss.