Rolls-Royce lifts profits despite dollar weakness

Engineering firm Rolls-Royce today beat profits forecasts despite rising raw materials costs and a weaker US dollar.

Rolls-Royce lifts profits despite dollar weakness
Thu, 26 Jul, 2007 - 12:42

Engineering firm Rolls-Royce today beat profits forecasts despite rising raw materials costs and a weaker US dollar.

The company posted underlying pre-tax profits of £380m (€567m) in the first half of 2007, up 17% on 2006 and ahead of consensus forecasts of £370m (€552m).

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