Rolls-Royce profits rise in 1H2012

Rolls-Royce revenue up 5% - financial highlights for six months ended 30-Jun-2012:

• Underlying revenue: GBP5760 million, +5% year-on-year;
  • Civil aerospace: GBP3034 million, +17%;
• Underlying profit before financing costs and taxation: GBP668 million, +8%;
  • Civil aerospace: GBP310 million, +24%;
• Order book: GBP60,100 million, +4%;
  • Civil aerospace: GBP49,400 million, +4%;
• Civil aerospace engine deliveries: 533, +15%;
• Total assets: GBP17,227 million, +4.9% when compared to period ended 31-Dec-2011;
• Cash and cash equivalents: GBP2160 million, +64.9%;
• Total liabilities: GBP11,746 million, -1.3% when compared to period ended 31-Dec-2011. [more - original PR]

Rolls-Royce: "For the full year, we continue to expect good growth in underlying profit with cash flow around breakeven, excluding the positive impact of the Tognum acquisition and the sale of our equity stake in IAE. In Civil Aerospace, we anticipate good growth in underlying revenue and strong growth in underlying profit," John Rishton, CEO. Source: Company statement, 26-Jul-2012.