February 7, 2019 / 6:13 AM / 3 months ago

Norsk Hydro Q4, dividend miss forecast amid continuing Brazil woes

OSLO, Feb 7 (Reuters) - 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. (Reporting by Terje Solsvik, editing by Nerijus Adomaitis)

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