LONDON: Rolls-Royce Holdings Plc’s annual earnings fell less than expected as Europe’s biggest aircraft-engine maker deepened cost cuts and a late production surge at Airbus Group SE boosted revenue.
Adjusted pretax profit fell 49% to £813mil (US$1.02bil) from £1.4bil a year earlier, London-based Rolls-Royce said in a statement yesterday.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!