Rolls-Royce Company Report
Narrow-moat Rolls-Royce reported excellent first-half revenue of GBP 7 billion, up 12% year over year on a reported basis and up 14% on an organic basis, with underlying operating profit increasing to GBP 141 million, improving on an operating loss of GBP 84 million last year. Unfortunately, solid operational progress was overshadowed by a one-off charge of GBP 554 million for additional inspection, certification, and intervention costs for the Boeing 787 engine (Trent 1000). With certification ...
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