Published on June 5th, 2019 📆 | 8520 Views ⚑0
Norsk Hydro Q1 core profit plunges after cyber attack
OSLO, June 5 (Reuters) - Aluminium-maker Norsk Hydro , the victim of a cyber attack in March that paralysed its IT systems, posted an 82% drop in first-quarter core profits on Wednesday and said global market uncertainty could impact its markets.
The Norwegian company’s underlying operating result fell to 559 million Norwegian crowns ($64.3 million) from 3.15 billion crowns a year ago, while analysts in a Reuters poll on average had expected a profit of 123 million crowns. ($1 = 8.6894 Norwegian crowns) (Reporting by Terje Solsvik, editing by Gwladys Fouche)