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Williams increase revenues and pay down debt
The improved track performance of the Williams Formula One team was reflected in the interim results of the parent company on Friday with Williams Grand Prix Holdings reporting increased revenues and reduced debt. 'The improved performance of our Formula One team on the track is now reflected in both higher commercial rights income and increased sponsorship revenue, bolstering our financial results,' said chief executive Mike O'Driscoll. The holding company reported overall revenues for the six months to June 30 of 63.2 million pounds ($96.39 million), up from 44.1 million last year. Earnings before interest, taxes, depreciation and amortization (EBITDA) showed a loss of 1.4 million...
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9y ago from GrandPrix247.com
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