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Williams records £5 million loss in 2012
The Williams Group recorded a £5 million loss in 2012, its latest financial report shows, though it blamed an accounting technicality meant some of its Formula One revenues weren't included. Ths loss follows a £7.4 million profit the previous year. However turnover increased by 22 per cent from £104.5 million to £127 million, whilst an additional £9.4 million hadn't been included "because of the technical interpretation of today's accounting standards," read a statement. The team are yet to score a point in 2013 following a successful season in 2012 which saw them take a victory - their first since 1996. Team co-owner and principal Sir Frank Williams...
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11y ago from TheF1Times.com
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