You are here

Engine maker Rolls-Royce logs record £4b loss

Mr East says more needs to be done to ensure that the company drives sustainable margin improvements within the business.


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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to