Underlying revenue went down 3% to 6.26 billion pounds.
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A Rolls Royce Phantom lll used in the film Goldfinger is loaded in to the London Film Museum ahead of the Bond in Motion exhibition, opening 21st March at the London Film Museum on March 2, 2014 in London, England.
On that occassion, the company also trimmed its guidance for underlying profit before tax to between £1.33bn to £1.475bn, compared to previous guidance of £1.4bn to £1.6bn, reflecting the deterioration in its offshore division.
Underlying pre-tax profit fell 32 per cent to £439million in the six months to the end of June, down from £646million a year earlier.
Rolls-Royce profits have slumped by more than half as the British defence and aerospace group suffers falling demand for its jet engines.
But despite the latest fall, chief executive Warren East said the company was still on track to hit its 2015 full-year guidance. “Despite the disappointment of our recent update, our second half outlook remains positive”, Mr. East said.
To compensate for these “headwinds”, Rolls-Royce has been restructuring its aerospace and land and sea divisions.
Earnings per share declined by 29pc to 18.27p, and the return on sales retreated 320 basis points to 7.3pc.
“The initial phase of my ongoing operational review has and will continue to concentrate on how we drive improvements and sharpen our focus to make us a more resilient and sustainable business” East said in the statement.
But lower demand for Airbus A330ceo aircraft, which is powered by the Trent 700 engine, has presented challenges for Rolls-Royce.
During the period the aerospace secured its largest ever order to provide Trent 900 engines to Emirates.
He added: “The continued growth in our order book demonstrates the long-term demand for our innovative products and services, and underpins my confidence in the fundamental strength of our business”.
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Rolls separately announced today the appointment of Alan Davies as a Non-Executive Director with effect from November 1.
