The state-owned enterprise Goznak plans to receive an annual profit of 8.9 billion rubles ($89 million) in 2023, on a comparable level to last year, company CEO Arkady Trachuk said at a press conference.
According to him, Goznak's revenue in 2023 may exceed last year's figure by about 5%.
In addition, the company's gold sales at the end of the year may approach 1 billion rubles ($10 million) thanks to a law adopted in April allowing individuals to buy gold bullion without VAT directly from refineries and from Goznak. The state-owned company began selling gold bars to individuals in May.
Goznak's revenue from product sales in 2022 increased by 14.2% and amounted to 54 billion rubles ($54 million).
Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished
