Rolls-Royce Annual Profits More than Double in 2023, Shares Jump Over 8%

Rolls-Royce saw its shares surge by over 8% on Thursday as the British aerospace group's annual profits in 2023 more than doubled. The company forecasts further growth in 2024, with a strong performance and increased profit. CEO Tufan Erginbilgic expressed confidence in the company's mid-term targets.

Share Surge

The surge in shares was significant for Rolls-Royce, reflecting investor confidence in the company's performance and outlook for continued growth.

Annual Profits Double

Rising annual profits in 2023 showcased the company's financial strength and resilience, positioning it for continued success in the aerospace industry.