Rolls-Royce's Profit Boosted By Strong Orders

Strong growth at Rolls-Royce's civil aerospace unit has helped it report a strong rise in profit for 2012.

The aircraft engine maker also confirmed BP director Ian Davis as its new chairman - as revealed by Sky News' City Editor on Wednesday.

Mr Davis, a former partner at management consultancy McKinsey, replaces Sir Simon Robertson as head of the company's board.

It comes after months of uncertainty about its leadership following corruption allegations relating to payments made by its subsidiaries in China and Indonesia.

Rolls-Royce said underlying pre-tax profit was up 24% at £1.4bn in 2012 - an increase for the tenth year in a row. 

Its order book increased by 4% over the year, boosted by £10.3bn of new civil aerospace orders.

Chief executive John Rishton said: "The strength of our order book demonstrates the confidence our customers have in our products and services.

"In 2013, we expect modest growth in underlying revenue and good growth in underlying profit with cash flow around break even as we continue to invest for the future."

More follows...

Anda sedang membaca artikel tentang

Rolls-Royce's Profit Boosted By Strong Orders

Dengan url

http://raskindollar.blogspot.com/2013/02/rolls-royces-profit-boosted-by-strong.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Rolls-Royce's Profit Boosted By Strong Orders

namun jangan lupa untuk meletakkan link

Rolls-Royce's Profit Boosted By Strong Orders

sebagai sumbernya