Hydro shares leap on return to profit

The company posted a net profit of 222 million kroner ($37.5m) for the three months from June to September, up from a net loss of 227 million in the same period in 2012. 

 

"This is a great achievement for Hydro and our organization," said Hydro's president and chief executive, Svein Richard Brandtzæg. "I am pleased to report that we are on track to deliver the $300 per metre cost improvements for our fully-owned smelters by the end of 2013."