REFILE-Australia's Lynas posts over 90% fall in annual profit; to raise $487 million

Aug 28 (Reuters) - Australia's Lynas Rare Earths LYC.AX posted a more than 90% fall in its full-year profit on Thursday, hurt by depreciation from its Kalgoorlie and Mt Weld facility expansion, while announcing an A$750 million ($487.35 million) equity raising.

The world's largest rare earths producer outside China said its net profit after tax was A$8.0 million for the year ended June 30, compared with A$84.5 million reported a year earlier.

That missed the Visible Alpha consensus estimate of A$30.4 million.

($1 = 1.5389 Australian dollars)