Lynas Rare Earths Reports Higher Fiscal Q1 Sales Revenue
MT Newswires Live06:46
Lynas Rare Earths (ASX:LYC) reported fiscal first-quarter gross sales revenue of AU$310.1 million, up from AU$200.2 million a year earlier, according to a Thursday filing with the Australian bourse.
The company said its total rare earth oxides production increased to 4,254 tonnes in the three months ended Sept. 30 from 3,993 tonnes in the year-ago period.
Meanwhile, cash payments for capital expenditure, exploration, and development declined to AU$28.7 million from AU$65.7 million year over year.
Lynas Rare Earths ended September with cash and short-term deposits of AU$1.21 billion, up from AU$1.06 billion a year earlier.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
