LONDON Feb 14 Britain's Rolls-Royce
reported a 24 percent rise in full-year profit, led by strong
growth at its civil aerospace unit.
The British aerospace and defence group on Thursday posted
an underlying 2012 pretax profit of 1.4 billion pounds ($2.18
billion) on revenues 8 percent higher at 12.2 billion pounds.
Rolls-Royce was expected to post an average 2012 pretax
profit of 1.37 billion pounds, according to a Thomson Reuters
I/B/E/S poll of 14 analysts.
Rolls, the world's second-largest maker of aircraft engines
behind U.S. group General Electric, also said chairman
Simon Robertson would retire and be replaced by BP
executive Ian Davis after the company's annual general meeting
Shares in Rolls-Royce, which have risen 12 percent this
year, closed at 984.5 pence on Wednesday, valuing the group at
around 18.2 billion pounds.