Headline:
Yet Another Blow for Rolls Royce
Description:
Engine maker Rolls-Royce posted a 2005 operating profit of 679 million pounds on Thursday, a jump of 40 percent, helped by higher after-service sales.
Pretax profit rose 49 percent to 584 million pounds, beating the 557 million pounds expected by analysts in the poll.
Sales rose 9 percent to 6.6 billion pounds while lucrative after-service sales rose by 12 percent.
George W Bush's $2.4 billion deal with Rolls royce to develop second engine for the F-35 joint strike fighter faces a threat now as Bush is likely to cancel the deal. Tony Blair's repeated recomendations and requests on this seem to have no effects.
This will have a substantial effect on Rolls Royce balance sheet and forecasts.
Pretax profit rose 49 percent to 584 million pounds, beating the 557 million pounds expected by analysts in the poll.
Sales rose 9 percent to 6.6 billion pounds while lucrative after-service sales rose by 12 percent.
George W Bush's $2.4 billion deal with Rolls royce to develop second engine for the F-35 joint strike fighter faces a threat now as Bush is likely to cancel the deal. Tony Blair's repeated recomendations and requests on this seem to have no effects.
This will have a substantial effect on Rolls Royce balance sheet and forecasts.
Date:
09.02.2006
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