Galaxy Resources (ASX:GSY) lost over $400M in 2019, so why are shares up five per cent?
- Lithium producer Galaxy Resources (GXY) reported a $429.9 million annual net loss in today's 2019 annual report
- The loss was underpinned by heavily-reduced revenue and profits from January to December
- A weak lithium market meant that despite record production from its flagship Mt Cattlin project, Galaxy is severely scaling back production in 2020
