Rolls-Royce Increased Its Profit by 4% Last Year

British Rolls-Royce Group reported Thursday an increase of 4% of profits before payment of taxes in 2009, to 915 million pounds (about 1 billion euros), amid increase in the number of orders, show the preliminary results presented Thursday.

In 2008, Rolls-Royce recorded a profit before taxes of 880 million pounds payment.

Sir John Rose. "Rolls-Royce has solid results despite difficult market conditions. In 2010 we expect revenue and adjusted profit to be approximately similar to those of 2009," said chief executive Sir John Rose.

The group recorded new orders of 13.4 billion pounds (about 15 billion euros), leading to a total portfolio of orders at the end of the 58.3 billion pounds (65.95 billion euros), compared to 55.5 billion pounds a year ago.
Also, group revenue last year rose to 10.414 billion pounds (11.78 million euros), from 9.082 billion pounds in 2008.

Rolls-Royce expects the revenues and profits in 2010 to maintain the same level as in 2009.