Rolls-Royce sees profits leap
Profits have risen by 148% at Derby-headquartered Rolls-Royce for the six months to 30 June, but the firm has seen its cash reserves drop by 31% over the same period.
The firm made a profit of £287m during the past six months, compared to £104m last year. Revenues were also up slightly - by 6% to £6.9bn.
Warren East, chief executive, said: "Rolls-Royce delivered encouraging year-on-year operational progress in the first six months of the year.
Civil Aerospace large engine deliveries increased 27% and we made good further p... 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...
