Rolls-Royce Profits More Than Doubled In 2023

Yesterday was a particularly satisfying day for Rolls-Royce and its management, workers, suppliers and shareholders as the engine maker posted a Full Year 2023 underlying profit of £1.6 billion ($2.03b) at an operating margin of 10.3%, compared to £652 million ($828m) at 5.1% in 2022. The United Kingdom manufacturer forecasted further growth in FY2024 and saw its shares jump by 10% after delivering the best stock results in Europe's Stoxx 600.