Oslo (Reuters) – Norsk Hydro, a Norwegian company that makes aluminium, said on Friday that it would propose an extra dividend and offer to buy back shares after reporting quarterly profits that were better than expected.
Adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) went up from 6.6 billion crowns ($1.16 billion) a year earlier to 11.6 billion crowns ($1.16 billion) in April-June. On average, analysts in a poll done by the company expected 11.6 billion crowns.
($1 is worth 9.9819 Norwegian crowns).
