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Williams increases revenue and cuts losses
Williams has revealed its interim financial results for the six months to 30 June 2015, showing improvements in revenue and decreased losses. The holding company of the Williams group – Williams Grand Prix Holdings PLC – released the details on Friday, with increased overall revenue of £19.1million compared to the same period last year, from 44.1m to £63.2m. The earnings before tax, interest, depreciation and amortisation (EBITDA) fell considerably compared to 2014 from £19.6m to just £1.4m. Meanwhile the F1 outfit brought in revenues of £51.8m, up from £34.6m last year. Williams Martini Racing's EBITDA was £2.5m for the first six months of 2015, compared to the previous...
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