Rolls-Royce: shares rise after 'encouraging' results.
(CercleFinance.com) - British aero enginemaker Rolls-Royce said it had delivered "encouraging results" in the first half of the year, with civil aerospace engine deliveries increasing.
Rolls, which makes engines for planemakers Airbus and Boeing, reported pre-tax profit of 1.94 billion pounds, compared with a loss of 2.15 billion pounds a year ago.
The group said large engine volumes increased 27% and restructuring savings were ahead of schedule in the first six months of the year.
Reported revenue grew by 12% at constant exchange rates to 7.56 billion pounds, up 17% at actual exchange rates.
The interim dividend was maintained at 4.60 pence per share.
Shares in Rolls-Royce, which have risen 43% year-to-date, are currently up 7.9% at 958.5 pence on Tuesday, valuing the business at over 16.3 billion pounds.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
Rolls, which makes engines for planemakers Airbus and Boeing, reported pre-tax profit of 1.94 billion pounds, compared with a loss of 2.15 billion pounds a year ago.
The group said large engine volumes increased 27% and restructuring savings were ahead of schedule in the first six months of the year.
Reported revenue grew by 12% at constant exchange rates to 7.56 billion pounds, up 17% at actual exchange rates.
The interim dividend was maintained at 4.60 pence per share.
Shares in Rolls-Royce, which have risen 43% year-to-date, are currently up 7.9% at 958.5 pence on Tuesday, valuing the business at over 16.3 billion pounds.
Copyright (c) 2017 CercleFinance.com. All rights reserved.