Rolls-Royce hit with £554m charge on engine troubles
The ongoing issues surrounding its Trent 1000 engine problems has seen Derby-based Rolls-Royce report a loss of £775m for its first half of the year.
The manufacturing giant says it is taking a £554m hit to try and correct the engine problems. The news has clouded results which have seen the company return to underlying profit of £141m from a loss of £84m this time in 2017. Revenues also rose 14% to just over £7bn. Civil Aerospace revenues were up by 26%.
Warren East, chief executive of the firm, said: "Rolls-Royce is at a ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
