Impressive turn of speed from Williams F1

Williams Grand Prix Holdings today announced its interim results for the six months to 30 June 2012, with turnover of £74.3m, an increase of 57% on the previous year. Net profit increased to £6.6m from £1.9m and earnings per share advanced to 68.55p from 19.31p in 2011. The core business drove the results, with a turnover of £73m and net profit of £8.5m.

The company includes Williams Grand Prix Engineering Limited and Williams Hybrid Power Limited. The wider group's revenues are derived from its Formula One business -- including commercial sponsorships and the team's share of the Formula One commercial rights income -- and from the commercial application of its technology.%VIRTUAL-SkimlinksPromo%