Rolls Royce shares climb nearly 10% after engineer posts a profit amid heavy cost-cutting programme



Rolls-Royce shares have steamed ahead today after a jump in large engine deliveries helped the firm swing to a half-year profit.
The aircraft engine giant booked a pre-tax profit of £1.94billion for the six months ending in June, up from a £2.15billion loss over the same period last year.
Revenues climbed 12 per cent to £7.57billion, as the FTSE 100 firm cheered a 27 per cent rise in large engine deliveries in the civil aerospace sector.
The company had been looking to shore up its performance after reporting its largest ever loss and one of the biggest in UK corporate history earlier this... read more

 
1 August 2017 in Business, Views: 55
Source: Daily Mail
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