By Melissa Shaw
Hydro’s underlying earnings before financial items and tax increased to NOK 2,930 million in the second quarter from NOK 2,284 million in the first quarter, mainly driven by higher aluminium prices and favourable currency developments.
Lower realized alumina prices and increased raw material costs had a negative impact on results.
President & CEO, Svein Richard Brandtzæg said:
“Higher aluminium prices in the quarter are lifting results, and