Robust Rolls
Aero engine maker Rolls-Royce has delivered what it described as "a robust performance" despite an uncertain global economy.
Reporting its half yearly results today (29 July), Rolls said its order book remained strong at £58.4bn (2009 year-end £58.3bn). Group revenues increased to £5,421m (2009 first-half £5,142m) while underlying pre-tax profit increased by four per cent to £465m (2009 first-half £445m).
Chief Executive Sir John Rose said: "Rolls-Royce delivered a robust performance despite the continuing uncertainty in the global economy.
"We continue to make progress with our development programmes and new facility construction; these investments are designed to underpin the growth embedded in our order book and achieve productivity improvements.
"We now expect underlying profit for the full-year to be modestly higher than 2009, mainly due to good cost control and a strong trading performance from our marine business."
