Norsk Hydro reports much lower-than-expected Q4 operating profits
- Country:
- Norway
Norwegian aluminium producer Norsk Hydro reported on Thursday much lower-than-expected fourth-quarter operating profits and full-year dividend amid continuing output restrictions in Brazil. Hydro's underlying operating profit for the quarter fell by 85 percent year-on-year to 534 million Norwegian crowns ($62.48 million), while analysts in a Reuters poll on average had expected a profit of 1.45 billion crowns.
(With inputs from agencies.)
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