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Williams reports profit boost at start of 2017

The Williams Formula 1 team has reported an increase in business profits for the first half of 2017. Interim financial results show Williams made a pre-tax profit of £10.1m on revenues of £65.5m during the first six months on the Formula 1 side of its operations. The latest figures compare to revenues of £51.3m and profits of £4.1m over the same period the year before. Fifth place in the 2016 constructors' championship cut the amount the team received from its share of Formula 1 prize money. However, that's been partly made up by new sponsorship deals. In addition there's been funding from billionaire Lawrence Stroll as part of the deal putting his son Lance in the FW40 this season....
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