UPDATE 1-Rolls Royce H1 profit up 18 pct, beats consensus

Newswire

(Adds detail) LONDON, July 29 (Reuters) - British engine maker Rolls-Royce Plc posted an 18 percent rise in first-half underlying pretax profit on Thursday, beating analysts' consensus forecast. The world's second-largest maker of aircraft engines said earnings were buoyed by cost cuts, debt reduction, and by the lucrative after-sales service market as civil aerospace recovers. "Our order book, continuing progress with cost reduction initiatives and our performance on profit and ...

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