sector: Basic Materials ·
industry: Precious Metals & Minerals ·
As of
26 Nov 2009
0.58AUD
Lynas Corporation Limited is an Australia-based company. The Company is engaged in planning, design and construction of a concentration plant in Western Australia, and a materials processing plant in Malaysia. The Company is also engaged in the exploration and development of rare earths deposits and exploration for other mineral resources. The Company has a operations in Australia and Asia. The Company’s subsidiaries include Mt Weld Rare Earths Pty Ltd, Mt Weld Holdings Pty Ltd, Mt Weld Mining Pty Ltd, Mt Weld Niobium Pty Ltd, Lynas Chemet Australia Pty Ltd and Lynas Malaysia Sdn Bhd.
BRIEF: For the fiscal year ended 30 June 2009, Lynas Corporation Limited's total revenue decreased 44% to A$4.1M. Net loss increased 36% to A$29.3M. Total revenue reflects a decrease in interest income. Higher net loss for the period reflects lower gross profit and operating margins, as well as higher employee expenses, an increase in share based payments and other operating costs and higher loss on foreign exchange.
Lynas Corporation Limited
Level 7, 56 Pitt Street
Sydney NSW 2000
P: +612.82597100
F: +612.82597199