Alpine F1 team generated £26.2M profit in 2022 ...Middle East

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Alpine is struggling out on the track this season, but the French F1 outfit produced another healthy profit in 2022, with £26.2M of earnings – or approximately $31.6 M – added to the team's bottom line. According to a report from Motorsport.com, the team's revenue for its fiscal year 2022 increased from £201,485,000 in 2021 to £249,038,000, which equates to a percentage gain of 23.6%. Cost of sales increased by 21.6% year-over-year from £145,264,000 to £170,395,000. The team stated that "whilst operations have been impacted by inflation, a second year of financial regulations coupled with a disciplined approach to cost control has led to an improvement in operating margin of 37%, resulting i

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