Renault F1 team makes first profit since 2009

Newly-released accounts from the company show that it enjoyed significantly increased income last year, turning the loss made by the Enstone team in its first year under renewed Renault ownership in 2016 into a profit.The team had a turnover of £136.3m in 2017, up from £119.7m. It duly turned a loss of £3.3m in 2016 into a profit of £1.1m.Prize money income was actually down after ... Keep reading