News Details
Currency issues hit Force India's financial results
Force India enjoyed an increase in revenue for the 2016 a calendar year but an increase in its losses , mainly due to "currency fluctuations". The Silverstone-based outfit's recently filed accounts for 2016 showed the team generated revenue of £77.1m, up from £64.2m in 2015. Force India's losses however increased from £6.8m to £11.6m, and justified the change by "an increase of £5.7m charged to the accounts due as a result of currency fluctuations to both EUR and USD related suppliers/creditors during the year and balances outstanding at the end of the year." Force India's Fernley deplores lack of action by Liberty The filed 2016 accounts also revealed that a...
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