Rolls-Royce released what can only be considered a poor set of H1 results however this had already been flagged by management with profits expected over the course of H2. Revenues and profits were down across all divisions (revenues down 5% to £6.14bn and profits before financing and tax down 70% to £158m) with continued particular weakness in Marine (revenues down 25% and loss-making half year) and a 91% fall in Aerospace profits on only a 5% decrease in revenues due to the produ
29 Jul 2016
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Rolls-Royce Holdings plc (RR:LON) | 416 45.4 2.7% | Mkt Cap: 35,043m
- Published:
29 Jul 2016 -
Author:
Thomas Picherit -
Pages:
3
Rolls-Royce released what can only be considered a poor set of H1 results however this had already been flagged by management with profits expected over the course of H2. Revenues and profits were down across all divisions (revenues down 5% to £6.14bn and profits before financing and tax down 70% to £158m) with continued particular weakness in Marine (revenues down 25% and loss-making half year) and a 91% fall in Aerospace profits on only a 5% decrease in revenues due to the produ