Engine maker Rolls-Royce logs record £4b loss

London

BRITISH engine maker Rolls-Royce slumped into a record £4-billion (S$7 billion) annual net loss in 2016, ravaged by a Brexit-fuelled collapse in the pound and a corruption fine.

The loss after tax, equivalent to US$5.0 billion or 4.8 billion euros, contrasted with a slender profit of £84 million in the 2015, the company said in a results statement.