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Sponsorship boost helps Formula E deliver first profit

Electric car-racing series Formula E will exceed revenues of €200m ($219.4m) when it lodges its accounts for the 2018-19 period and will report a profit for the first time since its launch in 2014.

Having reported operating losses of €26.4m and €20.8m in the 2016-17 and 2017-18 periods respectively, Formula E has now announced that it will return a positive figure.

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