Lynas Corporation Ltd.: Lynas reports a significant increase in profits

Rare earths miner Lynas has reported a massive surge in net profits for the full year ended June, as revenues rose. Net profits for the 12 months to June increased to A$157.1-million, from the loss of A$19.4-million reported in the previous financial year, while earnings before interest, tax, depreciation and amortization increased from a$59.7-million to A$235.3-million.