Lynas Corporation Limited
(ASX:LYC) has widened its loss in the first half of the 2015 financial year and amended a financing agreement.
The rare earths producer booked an interim net loss of $142.2 million, increasing from a loss of $81.5 million the year before.
Lynas Corporation has advised result was impacted by a slower than expected ramp up of its Malaysian refinery and lower selling prices for its products.
CEO Amanda Lacaze says the company improved its core capabilities and grew its strategic customer relationships over the first half.
The company has also highlighted efforts to cut costs, improve production, grow market share and market penetration and achieve greater funding certainty.
