Rolls-Royce Expects ‘Good’ Growth in 2012
British aircraft engine maker Rolls-Royce said on Friday it expected "good growth" in sales and profits this year.
"Trading since the start of the year is consistent with the guidance provided in February," the group said in a short trading update.
"For the full year, the group continues to expect good growth in underlying revenue and underlying profit with cash flow around breakeven as we continue to invest in future growth."
However, investors took the news in their stride amid broader falls on the London stock market.
Rolls-Royce shares dipped 0.41 percent to 855.5 pence on the FTSE 100 index of leading companies, which was down 0.89 percent at 5,715.17 points approaching midday in London.
Back in February, Rolls-Royce posted soaring 2011 profits and raised its shareholder dividend after the group was lifted by strong demand for civilian and military jet engines.
Net profit jumped 57 percent to £850 million ($1.35 billion, 1.01 billion euros) last year, compared with earnings after tax of £539 million in 2010.
Source: Agence France Presse
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