UK's Royal Mint announces record profits as investors turn to gold amid market turmoil

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 78%

Business News News

Business Business Latest News,Business Business Headlines

coins mint UK's Royal Mint announces record profits as investors turn to gold amid market turmoil

The Royal Mint saw record profits during its latest financial year, which ended on March 31, as investors diversified their portfolios with precious metals.

Sales also surged in the UK and Europe, with the consumer facing division seeing the strongest demand for historical coins and precious metal investment products. "The milestone result marks the end of a three year business transformation strategy led by Chief Executive Anne Jessopp. It has seen the UK's oldest manufacturer successfully evolve into a consumer brand, expanding into precious metals investment products, the sale of historic coins, jewellery and luxury collectibles," the Mint said.

The Royal Mint also has plans to open a new factory in 2023 that will focus on recovering precious metals from old mobile phones and laptops.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

How come everyone is silent on this

GUYS! Airdrop Don't be late 🤯

gold silver

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines