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Rolls-Royce losses double to £3.2b in 2020 | Daily Express Online - Sabah's Leading News Portal

Published on: Friday, March 12, 2021
By: AFP
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Rolls Royce Trent XWB engines on view on the assembly line at the Rolls Royce factory in Derby, central England.
LONDON: British aircraft engine maker Rolls-Royce said Thursday that net losses more than doubled last year to £3.2 billion, hit by the coronavirus pandemic which forced thousands of company layoffs.
The loss after tax, equivalent to $4.4 billion or 3.7 billion euros, compared with a loss of £1.3 billion in 2019, the company said.
Revenues tanked almost 29 per cent to about £11.8 billion, with civil aviation hit the hardest by coronavirus.
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The deadly Covid-19 pandemic had a a “severe impact” on the group’s 2020 performance and its near-term outlook, Rolls-Royce said in a results statement. ....

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Rolls-Royce losses double to £3.2bn in 2020 pandemic

British aircraft engine maker Rolls-Royce said on Thursday that net losses more than doubled last year to £3.2 billion. ....

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Rolls-Royce losses double to £3.2 bn in 2020 pandemic

Rolls-Royce losses double to £3.2 bn in 2020 pandemic
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Last Updated: Mar 11, 2021, 02:10 PM IST
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Synopsis
Revenues tanked almost 29 percent to about £11.8 billion, with civil aviation hit the hardest by coronavirus. The deadly Covid-19 pandemic had a a severe impact on the group s 2020 performance and its near-term outlook, Rolls-Royce said in a results statement.
Reuters
British aircraft engine maker Rolls-Royce said Thursday that net losses more than doubled last year to £3.2 billion, hit by the coronavirus pandemic which forced thousands of company layoffs.
The loss after tax, equivalent to $4.4 billion or 3.7 billion euros, compared with a loss of £1.3 billion in 2019, the company said. ....

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