Norsk Hydro Posts Q4 Profit, Proposes Dividend

Norsk Hydro ASA

posted a net profit in the fourth quarter. Norsk Hydro posted a quarterly net profit of NOK144 million, versus a year-ago net loss of NOK739 million. However, analysts were expecting a net profit of NOK133.5 million. Its underlying earnings before interest and taxes rose to NOK138 million from NOK1.13 billion, versus estimates of NOK299.7 million. Norsk Hydro's revenue declined to NOK15.59 billion from NOK21.75 billion, compared to analysts' estimates of NOK16.74 billion. The company's board proposed a dividend of NOK 0.75 per share for 2012. Norsk Hydro shares closed at $4.85 yesterday.