Reported 3 days ago
Rolls-Royce Holdings' CFO, Helen McCabe, reported a significant increase in first-half profits, driven by the company’s civil aerospace, defense, and energy divisions. With operating profits rising to £1.7 billion, a 50% increase from last year, and strong efficiency measures yielding over £450 million in savings, McCabe detailed the company's strategic adjustments, especially in enhancing engine durability and maintenance. Rolls-Royce aims to reclaim market share amidst competition, particularly with General Electric, by investing heavily in improving engine performance.
Source: YAHOO