Norsk Hydro’s Q1 core profit falls but exceeds expectations

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Norwegian aluminium producer Norsk Hydro posted a sharp fall in first-quarter core profit on Friday as expected, in step with falling metals prices. Adjusted earnings before interest, taxes, depreciation and amortisation fell to 7.5 billion crowns ($705.5 million) for January-March from 11.2 billion a year earlier, beating an average analyst forecast of 7.3 billion crowns. “Lower aluminium…

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