LYC 0.38% $7.82 lynas rare earths limited

News: LYC Lynas Rare Earths' annual profit slumps around 73%

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    Aug 27 (Reuters) - Lynas Rare Earths (LYC) posted a 72.8% slide in its annual profit on Wednesday, hurt by weak realised prices and subdued demand from China for most of the year.

    The world's largest producer of rare earths outside China reported net profit attributable of A$84.5 million ($57.38 million) for the year ended June 30, compared with A$310.7 million a year ago and a Visible Alpha consensus of A$66.1 million.

    ($1 = 1.4725 Australian dollars)

 
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