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