Norsk Hydro Posts Stronger-Than-Expected Second-Quarter Profit on Higher Aluminium Prices

Higher aluminium prices contributed to the result, while a strong Norwegian krone and reduced energy production slowed it, according to the report.

The adjusted operating profit of 8.9 billion Norwegian kroner for the quarter compares with an average forecast of 8.6 billion among analysts, according to Bloomberg.

The quarter's revenue totalled 56.5 billion Norwegian kroner, compared with an average forecast of 55.4 billion.