Crown Estate returns to Treasury drop by more than half after profits fall

The Crown Estate reported operating profits of £1.2 billion for the year ending March, marking the third consecutive year exceeding £1 billion. While this represents a decrease from the previous year's £1.4 billion, profits remain nearly triple the levels seen three years ago. Two-thirds of these earnings are attributed to the offshore windfarm boom, although the resulting returns to the Treasury have dropped by more than half, following the overall fall in operating profits.