Board approves Hydro's 2002 financial accounts

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Board approves Hydro's 2002 financial accounts

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Operating income was NOK 143 million lower and net income was NOK 103 million lower than the figures Hydro presented on 10 February in the company's preliminary financial report.

This is due to costs charged for the exploration well Voss in the Gulf of Mexico, which is now completed and considered non-commercial.

Hydro's operating income in 2002 was NOK 19,841 million, net income was NOK 8,765 million, while earnings per share was NOK 34.00.

Published: February 27, 2003

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