Jet engine

Rolls-Royce shares up10% after 2023 profits more than double

Rolls-Royce, a prominent jet engine manufacturer for commercial aircraft along with power systems for ships and submarines and other major projects posted an underlying operating profit of £1.6 billion in 2023, compared to £652 million in 2022.

Rolls-Royce was the top performer in the UK’s FTSE 100 in 2023, climbing over 200% on the back of a profit forecast upgrade and the announcement in November 2023 that profits could‘ quadruple by 2027.

Leave a Reply

Your email address will not be published. Required fields are marked *