logo
Plus   Neg
Share
Email

Rolls Royce Holdings Posts Narrower Loss In H1; Maintains FY Guidance

Rolls Royce Holdings plc (RYCEF.PK,RR.L,RYCEY.PK) reported a pretax loss of 791 million pounds for the half-year ended 30 June 2019 compared to a loss of 1.2 billion pounds, previous year. Loss per share was 48.02 pence compared to a loss of 51.60 pence.

First-half Group underlying operating profit improved by 32% to 203 million pounds. Underlying Group loss per share was 1.6 pence compared to profit of 2.5 pence. Underlying core operating profit increased to 203 million pounds from 146 million pounds. Underlying core loss per share was 1.4 pence compared to profit of 3.1 pence.

First-half Group underlying revenues rose 7% to 7.35 billion pounds, primarily driven by growth at Civil Aerospace and Power Systems, offsetting a 29% decline in non-core revenue. Core underlying revenue increased to 7.2 billion pounds from 6.7 billion pounds, prior year.

The Group said it remains on track to meet full-year guidance for underlying core operating profit and core free cash flow.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
A New York regulator has launched an investigation into the credit card practices of Goldman Sachs Group Inc. for alleged gender discrimination in determining limits for Apple's new credit card, which is administered by Goldman Sachs. The Apple Card, Apple's first credit card, was introduced by the tech giant in March this year in partnership with Goldman Sachs and Mastercard. The U.S. Food and Drug Administration approved the first therapy for patients with a rare inherited blood disorder called beta thalassemia. Celegene's Reblozyl is also the first and only FDA-approved erythroid maturation agent, a new class of therapy for such patients. The regulator approved Reblozyl for treating anemia in adult patients with beta thalassemia who require regular RBC transfusions. McDonald's is adding renewable energy to the grid, as part of its efforts to address climate change. The fast-food giant said it signed two long-term, large-scale virtual power purchase agreements or VPPAs to buy renewable energy generated by wind and solar power. Under the agreements, McDonald's will buy a combined 380MW in renewable energy.
Follow RTT
>