Renault makes a profit of $5m

The Renault F1 team made a profit of $5m in 2004, according to the latest financial results. It is the first time that the Anglo-French team has made a profit since it was acquired from the Benetton company in 2002. The profits were due to increased sponsorship income, a bigger commitment from the team's parent company Renault and, presumably more income resulting from better results.

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