Rolls-Royce profits rise 34pc

Suzie Neuwirth

ENGINEERING firm Rolls-Royce today posted a 34 per cent increase in underlying pre-tax profits to £840m for the first half of the year.

Revenue rose 27 per cent to £7.3bn and shareholder dividends rose 13 per cent to 8.6p per share.

Chief executive John Rishton said that while “good progress” had been made, “it is clear we have a lot more to do on cost (and cash).”

The group’s full-year guidance is unchanged.