Rolls-Royce still losing money on its marine business

Rolls-Royce had a better 2017 than expected. The company's marine business remains strained by low activity, and marine was the only unit to report an underlying deficit, shows annual report.

Photo: Rolls Royce PR

British engine-builder Rolls-Royce is still struggling with its marine business, which has by now been strained for years.

In the company's 2017 report, the marine unit, which will likely be divested, is the only business reporting an underlying operating deficit. The loss came to GBP 25 million, though this marks a 15 percent improvement, writes Rolls-Royce.

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