Norsk Hydro to offer extra dividend, share buyback, Q2 in line

OSLO – Norwegian aluminium-maker Norsk Hydro stated on Friday it might suggest an additional dividend and supply share buybacks because it reported upbeat quarterly income consistent with expectations.

Adjusted earnings earlier than curiosity, taxes, depreciation and amortisation (EBITDA) rose to 11.6 billion crowns ($1.16 billion) in April-June from 6.6 billion crowns a yr earlier, whereas analysts in a company-provided ballot had anticipated 11.6 billion crowns on common.

($1 = 9.9819 Norwegian crowns)

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