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Williams financial results mirror on-track achievements for 2012
Williams Grand Prix Holdings has reported positive financial results for the year to the end of December 2012, reflecting the step up that its F1 team made on-track. WGPH is the holding company of the Williams group of companies, which includes Williams Grand Prix Engineering Limited and Williams Hybrid Power Limited. The core business, which combines the traditional F1 business and activity that commercialises F1-derived IP, has seen turnover increase from £102.3m to £124.3m. This has led to an increase in overall Group turnover of 22 per cent to £127m from 2011's £104.5m. The Group, however, made a loss before taxation in the year of £5.0m - 2011 saw a profit of £7.4m - as a result...
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