Rolls-Royce’s latest financial results show underlying group revenue rising 7% to £7.4 billion as it reports growth within all divisions. Underlying group operating profits rose 32% to £203 million, but higher tax and interest costs pushed the group into a £24 million loss overall. The company has said that issues surrounding the Trent 1000 compressor are taking longer than originally planned with premature blade deterioration continuing to cause Boeing 787 operators “significant disruption” said chief executive Warren East. It’s said that in-service costs are set to increase by a total of £100 million across the next three years. The group
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