Derby's Rolls-Royce reports record annual profits
ROLLS-ROYCE has reported record annual profits.
The firm, which has its civil aerospace and marine power divisions in Derby, this morning announced profits of £1.4 billion - which eclipses the £1.1 billion it achieved 12 months ago.
The company announced an 8% rise sales, to £12.2 billion and its order book grew 4% to £60.1 billion, thanks to strong demand for its Derby-built Trent engines.
The firm’s success has been driven by civil aerospace, which is its largest division based in Sinfin.
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Rolls-Royce is Derby’s largest private sector employer, with around 12,000 staff based in the city.