Broad range aids Rolls-Royce
Published Date:
25 July 2008
ENGINE maker Rolls-Royce yesterday predicted that the broad scope of its business would help it cope with "uncertain conditions" in the airline industry.
Chief executive Sir John Rose said its civil aerospace operation was "not immune" to higher oil prices and economic slowdown. But he added that demand for newer wide-bodied aircraft remained strong, while the group's marine and energy divisions performed well.
The group posted underlying pre-tax profits of £410 million for the first half of 2008 – 8 per cent ahead of last year and ahead of City forecasts.
Rolls-Royce grew its order book by £7.6 billion to £53.5bn in the first half of the year, with growing Asian and Middle East markets now accounting for 40 per cent of the total.
The full article contains 134 words and appears in The Scotsman newspaper.
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Last Updated:
24 July 2008 8:42 PM
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Source:
The Scotsman
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Location:
Edinburgh
