Rolls-Royce reports recovery progressed 'well' during the first half of the year

UK-based global major power and propulsion systems group Rolls-Royce released, on Thursday, its results for the first half of this year (1H22). It recorded statutory revenues of £5.6-billion during the period, up from the £5.159-billion accrued during the same period last year (1H21). Statutory gross profit was £1.062-billion (up from £0.814-billion in 1H21) while statutory operating profit in 1H22 was £0.223-billion, a significant improvement over the £0.038-billion achieved in 1H21. The …