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| Rolls Royce back in profit as restructuring continues | Rolls Royce back in profit as restructuring continues |
| (35 minutes later) | |
| Rolls Royce swung back into profit in 2017 amid an ongoing restructuring drive at the engine maker. | Rolls Royce swung back into profit in 2017 amid an ongoing restructuring drive at the engine maker. |
| It comes after the firm posted the biggest loss in its history in 2016 due to settling corruption cases and currency hedges going wrong. | It comes after the firm posted the biggest loss in its history in 2016 due to settling corruption cases and currency hedges going wrong. |
| In the year to 31 December 2017 profit before tax jumped to £4.9bn - up from a loss of £4.6bn the year before. Revenue climbed 9% to £16.3bn. | In the year to 31 December 2017 profit before tax jumped to £4.9bn - up from a loss of £4.6bn the year before. Revenue climbed 9% to £16.3bn. |
| Chief executive Warren East said the firm was making "good progress". | Chief executive Warren East said the firm was making "good progress". |
| Profits were boosted by the delivery of more aero-engines and by its power systems unit which makes large diesel engines. | |
| However, the the firm said its 2018 figures could be impacted by the rising costs of carrying out repairs on its Trent 1000 engines. |