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Williams' profits rise despite poor on-track performance
The Williams F1 Team has posted an increase in revenue for 2018 despite its on-track performance nosediving, which saw it tumble to last in the standings. The team is part of the larger Williams Grand Prix Holdings company which released its latest financial statement on Friday and saw revenue rise to £176.5m in 2018, up from £166.2m in 2017. This was also reflected in their profit with a £2.1m rise to £12.9m (EBITDA). The F1 operation saw profits remain flat at £16m, but revenue rose by £5.1m to £130.7m, which was 'supported by a non-recurring one-off item'. The statement doesn't specify what this is, but it could relate to...
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5y ago from MotorsportWeek.com
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