Norsk Hydro Q1 Core Profit Surpasses Market Forecasts
Norsk Hydro reported a rise in quarterly core profit this Wednesday. Higher metal prices and volumes offset weaker alumina prices and a stronger crown.
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NORSK HYDRO ASA reported a first-quarter core profit that exceeded analyst forecasts on Wednesday. Increased metal prices and higher sales volumes drove the result for the producer based in Norway. The beat suggests resilient demand for industrial metals despite currency headwinds and lower domestic power production.
