Brief: Orkla Says Profit From Associated Companies Totalled NOK 550 Mln In Q3
29/10/2024 06:10
Oct 29 (Reuters) - Orkla ASA ORK.OL :
* PROFIT FROM ASSOCIATED COMPANIES ROSE BY 8.1%
YEAR-OVER-YEAR AND
TOTALLED NOK 550 MILLION IN Q3 OF 2024
* HYDRO POWER'S EBIT (ADJUSTED.) AMOUNTED TO NOK 149 MILLION
IN
Q3, REPRESENTING A YEAR-OVER-YEAR DECLINE OF 2.5%
* HYDRO POWER'S PROFIT DECLINE WAS DUE TO SIGNIFICANTLY
LOWER
POWER PRICES IN SOUTHERN AND SOUTH-WESTERN PART OF NORWAY
COMPARED TO SAME QUARTER LAST YEAR
* MITIGATING ACTIONS HAVE BEEN IMPLEMENTED TO DAMPEN THE
COST
EFFECT OF COCOA PRICE INCREASES
Source text: ID:nWkr1jFJvL
Further company coverage: ORK.OL
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com;))