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.
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A Rolls-Royce Trent engine
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.
4 Comments
by ToxicMick
Friday, February 15 2013, 4:21PM
“Why is it when someone or a company do well there are people ready to pull the rug from underneath them. I worked for Rolls- Royce for 43 great years until I retired in 2009. It's great to see them beating the American's building aero engines with the super Trent family.”
by Wafty
Thursday, February 14 2013, 12:15PM
“they are a business - if they can do the same work (to the same quality) with less people, they will do - they are not a charity!”
by DCFCOAP
Thursday, February 14 2013, 10:55AM
“But is this at the expense of getting rid of workers?”
by R_Stickler
Thursday, February 14 2013, 9:41AM
“Great news, they'll be able to afford bigger 'emoluments', 'considerations', 'expenses', ''honoraria' and all the other forms of 'hospitality' and corporate 'wheel-oiling' needed to avoid the suspicion of b*ngs or b*ckhanders.
Even bigger than their competitors, with any luck.”