Lynas Rare Earths' Sales Revenue Falls in Fiscal Q1

MT Newswires Live10-30

Lynas Rare Earths' (ASX:LYC) gross sales revenue fell to AU$120.5 million in the fiscal first quarter ended Sept. 30 from AU$128.1 million in the same quarter a year ago, according to a Wednesday filing with the Australian bourse.

Sales receipts slid to AU$127.5 million from AU$128.5 million year on year, the filing added.

During the reported quarter, the mining firm produced 2,722 tonnes of rare earth oxides with neodymium/praseodymium production at 1,677 tonnes, lower than the previous year's production of 3,609 tonnes and 1,526 tonnes, respectively, as per the filing.

Price (AUD): $7.74, Change: $+0.01, Percent Change: +0.19%

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