Norsk Hydro Reports Loss in Q3 on Higher Charges

Abc news.com reports that Norsk Hydro attributes their Q3 losses  to costs with it’s Qatalum joint
venture, and investment write-downs.

The story is quoted as saying:

The Oslo-headquartered group saw its share slip around 2 percent to 36.58 kroner ($6.27) exchange after reporting a quarterly net loss of 104 million kroner ($17.7 million). In the same three months last year it posted a profit of just over 1 billion kroner, and reported lower losses on derivatives investments and one-time accounting gains.

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