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Williams post financial loss

Despite recording a considerable financial loss of £34.3m, Williams are adamant this year will be better. Last year the Grove based company saw revenues fall from £130.4m to £90.2m, a big difference to the previous year in which the group made a profit of £11.9m. However, 2013's results were boosted by a massive payment from PDVSA on behalf of departing driver Pastor Maldonado. And although 2014's results were considerable, Williams said in a press release that it was 'anticipated' as the group 'embarked on a turnaround strategy to reinvigorate the performance of the Formula 1 team and put in place the foundations for a profitable engineering business. Mike...
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8y ago from PlanetF1.com 0
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