July 25, 2008

Rolls Confident of Further Growth

ENGINE maker Rolls-Royce today said the broad scope of its business would help it cope with "uncertain conditions" in the airline industry

Chief executive Sir John Rose said its civil aerospace operation was "not immune" to higher oil prices and economic slowdown but added that demand for newer wide-bodied aircraft remained strong, while the group's other marine and energy divisions performed well.

"We are confident that we will continue to deliver profitable growth and positive cash flow for the full year," he added.

The group, which has major UK plants at Bristol and Derby, posted underlying pre-tax profits of Pounds 410m for the first half of 2008 - 8 per cent ahead of last year and slightly ahead of City forecasts.

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