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...
Full Story »
8y ago from F1i.com 0
Share

You May Also Be Interested In...

Force India losses increased in 2016 despite bigger...

The Force India F1 team earned increased income in 2016 but made a bigger...
8y ago from Motorsport.com

Perez signs new one-year Force India deal

Sergio Perez has ended speculation surrounding his future by putting pen...
8y ago from PlanetF1.com

Force India officially confirmed: Perez and Ocon for...

class="left relative"> 0 SHARES FacebookTwitterSubscribe...
8y ago from ThisIsF1.com

Perez signs Force India extension

Sergio Perez has signed a new one-year contract with Force India to remain...
8y ago from SkySports.com

Elsewhere On The Network

Popular On MGPToday.com

Francesco Bagnaia rediscovers his ‘feeling' on...

Francesco Bagania has admitted he's rediscovered his feeling with the...

Popular On IndyCarToday.com

McLaren eyes Fernando Alonso reunion to complete...

Zak Brown has said he will "continue to bug" Fernando Alonso to...

Arrow McLaren unveils liveries for 2026 IndyCar...

Arrow McLaren has taken the wraps off its trio of challengers for the...

Popular On TotalWRC.com

Popular On GunnersToday.com

Paul Merson predicts Brentford vs Arsenal and other...

That was an incredible end to Liverpool vs Manchester City in the Premier...
4h ago from SportsKeeda.com

Martin Keown shares theory on why Man City winning...

Former Arsenal centre-back Martin Keown explained why Manchester City's...
5h ago from SportsKeeda.com

Arsecast Extra Episode 680 – 09.02.2026

Welcome to another Arsecast Extra, the Arsenal podcast, with myself and...
5h ago from Arseblog.com

“How they feel is how they feel” - Marc Guehi...

Manchester City centre-back Marc Guehi shared his thoughts about getting...
9h ago from SportsKeeda.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.