Engine maker Rolls-Royce logs record £4.0bn annual loss
London - Arab Today
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British engine maker Rolls-Royce slumped into a record £4.0-billion ($5.0-billion, 4.8-billion-euro) annual net loss in 2016, ravaged by the Brexit-fuelled collapse in the pound and a corruption fine. The company took a vast £4.4-billion hit from the drop in the value of the pound in the wake of Britain's shock EU exit referendum, alongside a £671-million penalty to settle bribery allegations, it said in a results statement. |
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