Williams Grand Prix losing the race to make a profit


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The Independent Online

Williams Grand Prix Holdings has performed better off the track than on it over the past six months.

The Formula One side of the business, which has scored just one point in races this season, saw its losses before interest and tax grow by £1m to £5.6m on flat revenues. Advanced engineering saw revenues down sharply but earnings were up from £3.7m to £4.5m. Overall, the group still expects it will make a loss for the year.