Rolls-Royce Forecasts 'Good' Earnings Growth in 2012

British aircraft-engine maker Rolls-Royce PLC (IW 1000: 229) said it expects "good growth" in sales and profits this year.

"Trading since the start of the year is consistent with the guidance provided in ... February," the group said in a short trading update.

"For the full year, the group continues to expect good growth in underlying revenue and underlying profit with cash flow around break-even as we continue to invest in future growth."

Back in February, London-based Rolls-Royce reported soaring 2011 profits and raised its shareholder dividend after the group was lifted by strong demand for civilian and military jet engines.

Net profit jumped 57% to £50 million ($1.35 billion) last year, compared with earnings after tax of £539 million in 2010.

Copyright Agence France-Presse, 2012