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Rolls-Royce gloomy despite record high
30.07.09
Rolls-Royce, the aircraft engines maker, today warned it has seen no sign of an economic recovery despite posting a 9% rise in half-year profits before tax to £445 million.
Its order book hit a record high to stand at £57.5 billion, with another £2 billion added in the first six months of this year. Rolls said it was on track to meet earnings targets for the year. Revenues rose 27% to £5.1 billion, helped by the weak pound.
