Royce Plc predicted an uplift in 2011 profit and said most of the costs related to last year's engine blowout on a Qantas A380 were behind it. Announcing full-year results Thursday, the world's second-largest maker of aircraft engines behind General Electric Co said it had taken a 56 million pounds hit on the Qantas incident and saw only modest charges relating to the event in 2011/12. "The view for 2011 is that we'll continue with good growth in underlying profit, supported by services growth in the civil aerospace and marine sectors," Chief Executive John Rose said. "The rise in profit comes after provisions for the Trent 900 incident, which illustrates the resilience of the business." Underlying pretax profit grew 4 percent to 955 million pounds ($1.5 billion). Rolls-Royce suffered technical setbacks on two programs in 2010. Rolls-Royce said revenue grew 6 percent to 11.08 billion pounds in 2010 and said it would raise its final dividend by 6.7 percent to 9.60 pence per share, giving a total of 16p.
