UPDATE 3-Rolls Royce H1 profit up as civil market recovers

Newswire

(Adds analyst comment, updates shares) By Michael Smith LONDON, July 29 (Reuters) - British engine maker Rolls-Royce Plc met forecasts for an 18 percent rise in first-half profit on Thursday, helped by cost cuts and a lucrative after-sales business as the civil aerospace market recovers. The world's second-largest maker of aircraft engines stuck with guidance for higher 2004 earnings and debt reduction as the company's order book ended the period at a record level, benefiting from ...

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