05 September 1994 00:00 [Source: ICB]
NORSK HYDRO reported an 8.7% increase in operating income in the first quarter of 1994 to NKr1.59bn ($215.7m) from NKr1.46bn a year earlier. The impact of lower oil prices was largely offset by increased oil production. Sales rose 5% to NKr17.3bn from NKr16.5bn in the year earlier quarter.
The agriculture division posted a 71% increase in operating income to NKr430m from NKr251m due mainly to better fertiliser prices. Industrial chemicals achieved a better result.
Operating income for petrochemicals increased 18.8% to NKr133m from NKr112m, again mainly as a result of higher prices.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
Sample issue >>
My Account/Renew >>
Register for online access >>
|ICIS Top 100 Chemical Companies|
|Download the listing here >>|
Asian Chemical Connections