Hydro Q4 earnings down significantly due to Alunorte curtailment

By IM Staff
Published: Thursday, 07 February 2019

Producer Norsk Hydro's underlying operating profit dropped almost 85% in the fourth quarter due to the effects of its production curtailment at its Brazilian alumina refinery, Alunorte.

By Alice Mason

In its biggest quarterly loss since 2015, the company‚Äôs underlying earnings before financial items and tax (Ebit) decreased to NOK 534 million ($62.32 million) in the fourth quarter, down from NOK 3,555 million ($414.90 million) in the same quarter last year. 

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