Khaberni - British reports indicate that Rolls-Royce will announce the launch of a new share buyback program worth up to 1.5 billion GBP, equivalent to about 2 billion USD, coinciding with its annual results this week.
The company had raised its annual profit forecasts in July when announcing the half-year results. The upper limit of the operating profit guidance increased by 300 million GBP to 3.2 billion GBP, while the forecasts for free cash flow rose by 200 million GBP to 3.1 billion GBP, according to the latest financial guidance data of the company.
It is worth mentioning that the company launched a share buyback program valued at 1 billion GBP during the same period last year, coinciding with the announcement of its annual financial results, reflecting its ongoing strategy to enhance shareholder returns.
This announcement comes as investors monitor the trends of major companies regarding shareholder dividends, especially with the increase in the company's profits and free cash flow, reflecting stable financial performance and positive expectations for the company's growth in global markets.
