Weather forecast:
Astana +1°C
Almaty +4°C
Exchange rates:
USD 307.21 RUB 4.68
EUR 325.98 CNY 48.08
04 May 2012, 20:14
Rolls-Royce repeats forecast for strong profit growth
LONDON. May 4. KAZINFORM Rolls-Royce is on course to deliver strong profit growth this year as it benefits from demand for fuel-efficient plane engines in Asia, South America and the Middle East.

While European carriers, aside from easyJet and Ryanair, continue to struggle for profits, the likes of Emirates, Cathay Pacific and Brazil's TAM are expanding rapidly, generating orders for Rolls-Royce's Trent engines. In an interim management statement published on Friday ahead of the company's annual general meeting, the Derby-based firm said it continued to expect "good growth in underlying revenue and underlying profit", the Guardian reports.

Rolls-Royce specialises in engines for twin-aisle, long-distance aircraft such as the Airbus A330 and A380. Its Trent XWB engine, for the yet-to-be-launched Airbus A350 aircraft, recently underwent its first test flight, attached to the wing of an A380. Civil aerospace accounts for around half of Rolls-Royce's revenues, generating sales of £5.6bn last year with an order book worth £51.9bn.

Fuel efficiency is a key issue for airlines grappling with volatile energy bills that account for around a third of the industry's costs. According to the International Air Transport Association, the industry's fuel bill will be $198bn (£122bn) this year, up from $178bn in 2011 and more than four times the total in 2003. That has spurred demand for technology such as the new A320neo short haul jet and the Trent XWB engine, which is 15% more fuel efficient than its predecessors and is Rolls-Royce's fastest-selling engine.

Last year Rolls-Royce reported a 4% rise in underlying revenues to £11.2bn. Pre-tax profits rose by 21% to £1.1bn.

Read more http://www.guardian.co.uk/

 Tags: Economy

Did you find a mistake? Highlight it and click CTRL+ENTER
Read also
GOVERNMENT: Kazakhstan developed anti-crisis program
ASTANA. KAZINFORM - Kazakhstan has developed its anti-crisis program for the next three years. The Government was instructed to more actively work on attraction of investments, acceleration of the pace of the second phase of the privatization. The program on construction of the rental housing is implemented ahead of schedule.

User name:
Enter code:*


Commented articles

Copyright © Kazinform, 2015
Система Orphus
Use of information materials without written permission of administration of the company is prohibited.