Feb 26 (Reuters) - Australia's Lynas Rare Earths LYC.AX reported an 85% drop in its first-half profit on Wednesday, hurt by soft realised prices and subdued demand from China.
The world's largest producer of rare earths outside China reported a net profit after tax of A$5.9 million ($3.74 million) for the six months through December 31, compared with A$39.54 million a year ago.
This result misses the Visible Alpha consensus of A$36.2 million.
($1 = 1.5763 Australian dollars)
(Reporting by Nichiket Sunil and Kumar Tanishk in Bengaluru; Editing by Alan Barona)
((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishkNichiket.sunil@thomsonreuters.com))
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