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| | ELKEM: Aluminium Business 4th Quarter 2004 | Elkem, Aluminium, income, operations, fourth quarter, operating margin, ... (Site not responding. Last check: 2007-10-31) |
 | | The Aluminium reporting group, which consists of Elkem's 50 per cent holding in Elkem Aluminium ANS, recorded income from operations before goodwill depreciation and other items of NOK 111 million (94) in the fourth quarter. |
 | | At the end of the quarter Elkem Aluminium, on a 100 per cent basis, had hedged USD 221 million of its estimated income streams in USD over the next two years, divided between USD 121 million through forward sales (exchange rate 8.50) and USD 100 million through put options (average strike price 8.34). |
 | | During 2003 a major modernisation and expansion programme was completed at Elkem Aluminium Mosjøen representing a total investment of almost NOK 2 billion. |
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