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| Name | Symbol | Market | Type |
|---|---|---|---|
| Rolls Royce Holdings PLC (PK) | USOTC:RYCEY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.05 | 0.96% | 5.25 | 5.24 | 5.26 | 5.37 | 5.23 | 5.30 | 166,569 | 14:56:24 |
From May 2019 to May 2024
By Carlo Martuscelli
Rolls-Royce Holdings PLC (RR.LN) backed its full-year outlook on Tuesday as it reported a narrowed pretax loss for the first half of 2019.
The company reiterated its underlying operating profit and free cash flow guidance of 700 million pounds ($850.3 million) plus or minus GBP100 million in 2019. It forecast a minimum of GBP1 billion in free cash flow in 2020.
The company posted a loss before tax of GBP791 million, compared with a loss of GBP1.23 billion in the year-before period, on revenue that rose 5.3% to GBP7.88 billion.
Operating profit on an underlying basis for the period increased by GBP48 million to GBP203 million, the FTSE 100-listed company said. It benefited from a narrowed loss in the civil aerospace unit, as well as growth in its power systems and defense businesses.
Rolls-Royce said that it was making good progress on its troubled Trent 1000 engine, although some customer disruption remained.
Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com
(END) Dow Jones Newswires
August 06, 2019 02:37 ET (06:37 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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