Rolls-Royce reinstates shareholder distributions after strong first half results

Rolls-Royce has posted strong first half results for 2024 with underlying revenues at £8.2bn, up from nearly £7bn a year prior. In addition, its operating profit was up from £673 million last year to £1.1bn in this year’s first half results. The positive results come amid a challenge supply chain environment. As a result, the company has reinstated its shareholder distributions for full year – starting at a 30% pay-out ratio of underlying profit after tax, with an ongoing pay-out ratio of 30-40% each year. Underlying profit before tax was up from £524 million last year to £1.03bn this year.