Reported about 7 hours ago
Rolls-Royce has raised its mid-term profit targets following a strong financial performance in 2024, underlining successful efforts to enhance engine performance and reduce costs. CEO Tufan Erginbilgic, who took the helm two years ago, marked the turnaround of the company as a significant achievement. The firm also announced a dividend of 6 pence per share and initiated a 1 billion pound share buyback, projecting a profit between 2.7 billion and 2.9 billion pounds for the year, far exceeding previous forecasts.
Source: YAHOO