News Details
Williams reports slump in profits as it struggles on-track
Williams Grand Prix Holdings PLC (WGPH) has reported its latest financial results for the six months to June 30 and recorded a loss of £2.7m compared to a £10.4m profit in the prior period. WGPH encompasses the Formula 1 team, which saw revenue drop from £65.5m to £60.7m, and its Advanced Engineering department, which posted an increase in revenue of £1.6m to £21.5m. Both sides of the business posted moderate profits of £0.2m and £2.2m respectively, although that's a drop of almost £10m for the F1 operations and £1.1m for Williams Advanced Engineering compared to 2017. The drop in profit for...
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5y ago from MotorsportWeek.com
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