Record profit for The Royal Mint in 2021/22

Started by eurocoin, October 14, 2022, 10:52:27 AM

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The Royal Mint's annual report for 2021/22 has been released. It can be read here. The Royal Mint made a record profit of 12 million pounds.


The former core business is now just a small, loss-making fraction: 

Sales in Currency decreased to £64.1 million (2020–21: £93.0 million) and the business delivered an adjusted operating loss of £4.5 million (2020–21: loss of £1.4 million).

Total sales = £1,403.5 million

As our Currency division declines over the long term, we are working hard to reskill and transfer employees into our other businesses. We have already seen a number of employees transfer into commemorative coin and precious metal production roles, and the introduction of an e-waste plant in 2023 will create more opportunities.