Marine unit drags Rolls-Royce into the red for 2016
The hard-pressed marine business unit contributed to the combined result landing in the red in 2016 at the major UK-based engine manufacturer. Rolls-Royce has opted to make a goodwill impairment for the business and doubts that the oil and gas market will improve this year.
It has long been expected that major UK-based Rolls-Royce would present a weak result for its marine business for 2016.
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