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Engineering company Rolls-Royce narrowed its annual losses as it continued to work through a sweeping restructure plan and recover from faulty aircraft-engine issues.
Pre-tax losses for the year through December amounted to £891m, down from £2.95bn on-year.
Revenue rose 5% to £16.59bn and underlying 'core' operating profit rose 25% to £810m.
Rolls-Royce kept its dividend steady at 11.7p per share.
'After a challenging first half, we had a good end to 2019, delivering 25% growth in full year underlying operating profit and an encouraging level of free cash flow,' chief executive Warren East said.
'Our restructuring efforts gained momentum, with run-rate cost savings of £269m.'
East said the company had made ground fixing up a problem in its Trent 1000 aircraft engines and remained on traget to reduce aircraft on ground to single digits by the end of June.
At 8:15am: (LON:RR.) RollsRoyce Holdings PLC share price was +12.7p at 629.3p