Higher revenue helps Lynas narrow H1 losses

Australian rare earths miner Lynas has narrowed its loss for the half-year ended December 31, on the back of increased revenues. ASX-listed Lynas this week reported that the gross loss for the period had decreased from the A$19.3-million reported at the end of 2015, to A$2.9-million, on the back of revenues having increased from A$93.2-million to A$114.6-million.