Rolls-Royce profits more than double, growth expected to continue in 2024

Rolls-Royce Holdings PLC (LSE:RR.) reported 143% growth in underlying profits for last year, higher than expected as it cut costs and demand for its aircraft engines recovered from the pandemic lull. The FTSE 100 group expects demand to continue to grow this year, with further efficiencies from chief executive Tufan Erginbilgic's transformation plan.  Underlying operating profit came in at £1.6 billion for 2023, up £0.9 billion on the previous year as revenue grew 21% to £15.4 billion. Free cash flow more t ...