Aston Martin F1 significantly reduces loss for fiscal year 2023 ...Middle East

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The Aston Martin Formula 1 team reported a £25.3 million post-tax loss for its fiscal year 2023, a significant improvement over the previous calendar year. Although AMR GP Holdings’ post-tax position improved by nearly half compared to the previous year, revenue saw a substantial increase. In 2023, Aston Martin reported total revenue of £260.1 million ($346.52 million), an approximate year-over-year increase of 39 per cent, according to Companies House. Operating costs for the business also rose, though at a much slower pace, reaching £171.07 million ($227.83) last year—an increase of just under £20 million ($26.64 million) compared to 2022. Aston’s operating loss narrowed significantly from

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Aston Martin F1 significantly reduces loss for fiscal year 2023 ...Middle East

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