Record engine sales have boosted Rolls-Royce's performance over the first half of 1996, with the group turning in net profits of £96 million ($155 million). A year ago it had posted a £180 million loss after taking a write-down on the Parsons steam-turbine business, which has since been sold. The aero-engines business led the boom, with sales up by one-third, at £1.7 billion, and operating profits growing in line to reach £101 million. R-R is claiming 28%of new commercial aero-engine orders over the first half of the year.
Source: Flight International