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The British company Rolls Royce pleased shareholders with a profit

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The British company Rolls Royce pleased shareholders with a profit
March 07
09:00 2018

The company Rolls-Royce Group Plc, specialized in the equipment production for the shipbuilding industry, aviation and energy sector, has published reports for the past year. Dear readers, do not confuse the company Rolls-Royce Group Plc with Rolls-Royce Motor Cars. The first company has nothing to do with the car production of a famous representative class. The cars designed and manufactured by BMW are being produced under the Rolls-Royce brand.

So, despite the problems with aircraft engines of the series Trent, the financial performance of the British company has exceeded the market expectations.

Due to the promulgated report, the Rolls-Royce shares have grown by 13% during today’s trading.

The report has recorded the amount of pre-tax profit; it has totalled 6.8 billion US dollars. We recall that in 2016 the company showed a loss of $ 6.44 billion US dollars.

Basic pre-tax profit has increased by 31% in a year. Annual revenues have amounted to 22.64 billion US dollars, which is 9% more than last year.

Basic operating profit for 2017 is equal to $ 446 million. Analysts agree that the current year will also be rather successful for the British concern, despite the significant costs associated with the repair of Trent engines. This type of engines is installed in the aircraft model Boeing-787 Dreamliner. In the past year, the company spent $ 315 million to correct technological failures in engines.

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