What is the most profitable car company?
Rolls Royce of course.Here are the facts.
Profit, excluding the revaluation of hedging contracts, totalled 732 million pounds ($1.1 billion), compared with 668 million pounds a year earlier, London-based Rolls-Royce said today in a statement. Analysts in a Bloomberg survey predicted so-called underlying profit of 666 million pounds.
The British company's order book swelled to a record 58.3 billion pounds, bolstered by parts for military transport aircraft, and Chief Executive Officer John Rose pledged to increase dividends by 5 percent. Demand for Rolls-Royce engines has also been sustained as Airbus SAS and Boeing Co., the world's two largest planemakers, worked through order backlogs.
2010 figures.
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