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Rolls-Royce profit more than doubles

Sunday, 25 February 2024



LONDON, Feb 24 (Reuters): Britain's Rolls-Royce said annual profit more than doubled last year, beating consensus, and it forecast a further jump in 2024 as aircrafts powered by its engines fly more, defence orders flow and data centre demand rises.
Rolls, which powers ships and submarines and makes power generation systems as well as engines for big commercial aircraft, has delivered strong growth under Tufan Erginbilgic, the former BP executive who took the helm a year ago.
"We are unlocking our full potential as a high-performing, competitive, resilient, and growing Rolls-Royce," he said in a statement on Thursday.