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Williams announces 25% income boost

Sir Frank Williams believes the results show "good progress" Sutton Images Enlarge The Williams Group has announced a 25% increase in income in its financial results from 2013. The Group, which includes the Williams F1 team, increased its overall income to £132.4m last year, up from £105.8m in 2012, while its Earnings Before Interest & Tax (EBIT) went from £5.1m to £12.0m. There was also a 26% rise for the Williams team itself, which it put down to a "special non-recurring sponsorship payment" - likely to relate to the sum believed to have been paid by Venezuelan oil company PDVSA to get out of its sponsorship deal to join Pastor Maldonado at Lotus. The team also...
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