BBC NEWS Americas Africa Europe Middle East South Asia Asia Pacific Arabic Spanish Russian Chinese Welsh
BBCi CATEGORIES   TV   RADIO   COMMUNICATE   WHERE I LIVE   INDEX    SEARCH 

BBC NEWS
 You are in: Business
Front Page 
World 
UK 
UK Politics 
Business 
Market Data 
Economy 
Companies 
E-Commerce 
Your Money 
Business Basics 
Sci/Tech 
Health 
Education 
Entertainment 
Talking Point 
In Depth 
AudioVideo 


Commonwealth Games 2002

BBC Sport

BBC Weather

SERVICES 
Thursday, 23 August, 2001, 08:35 GMT 09:35 UK
Rolls-Royce profits dip
Rolls-Royce engine's
Rolls-Royce, the company which makes engines for aircraft, has announced a small fall in interim profits to 190m.

The figure was in line with expectations, and Rolls said it expected earnings to rise next year.

It also announced a record order book of 14.9m worth of business.

The Rolls-Royce chairman, Sir Ralph Robins, said the market for aero-engines was still 'challenging' but results next year should improve.

"We continue to expect flat underlying earnings in 2001 and target increased underlying earnings in 2002" he said in a statement.

Civil aerospace strong

Pre-tax profits for the six months to July fell to 190m from 195m in the same period last year.

The result was slightly better than analysts had forecasted. The company warned last year that profits for this year were likely to be flat.

The latest results showed a good performance from the company's civil aerospace division, with revenues boosted by the sale of after sales services for engine buyers.

Rolls said "significant success" was seen in its sale of Total Care Packages which cover repair and maintenance of its engines, with American Airlines and Continental Airlines among its customers.

The company said its defence division was looking to launch a version of these packages for its customers.

See also:

06 Nov 00 | Business
Rolls 'to cut 5,000 jobs'
Internet links:


The BBC is not responsible for the content of external internet sites

Links to more Business stories are at the foot of the page.


E-mail this story to a friend

Links to more Business stories