Royal Mint credits COVID gold rush and David Bowie for return to profit
- Date: 21-Jul-2021
- Source: SkyNews
- Sector:Healthcare
- Country:Middle East
Royal Mint credits COVID gold rush and David Bowie for return to profit
The Royal Mint has revealed how a leap in demand for investment in precious metals helped it deliver a return to annual profit, with the coronavirus crisis prompting a surge in prices.
The government-owned mint, based outside Cardiff, reported a pre-tax profit of £12.4m during the year to 31 March compared with losses of £0.2m over the previous 12 months.
Revenue rose 85% to just shy of £1.1bn.