Tag: annual loss

Jet Engine Maker Rolls-Royce Posts Record Loss

Reading Time: 2 minutes The British engine maker Rolls-Royce reported a record loss of £4.6 billion before tax due to fines related to the settlement of bribery charges and a fall in the pound. Underlying profit before tax, which excluded the impact of the revaluation of derivatives and other one-offs, fell by 49 per cent to £813 million. The […]

Virgin Australia Posts $225 Million Loss

Reading Time: < 1 minute Virgin Australia will post an annual loss of $224.7 million due to the impairments and charges it expects to record from its plans to position the airline for future profitability. Australia’s second biggest carrier reports its full year results on August 5, but in a fourth quarter trading update has warned of the impact of […]