Hydro Q3 earnings up year on year despite negative effect of Alunorte curtailment

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Published: Wednesday, 24 October 2018

Norsk Hydro’s third-quarter earnings were up from a year ago due to higher all-in aluminium and alumina prices, but a continued production curtailment at the company’s Alunorte alumina refinery in Brazil continues to have a negative impact.

The company’s underlying earnings before financial items and tax (Ebit) increased to Nkr2,676 million ($323 million) in the third quarter of this year, up 9% from Nkr2,446 million for the same quarter of 2017.

"The third quarter reflected our continued challenges at Alunorte and increased raw material costs, while higher...

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