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Sukha Balka mine increases profit by 3.6 times in 2021, intends to use it to replenish working capital
KYIV. Nov 17 (Interfax-Ukraine) – The mine, PrJSC Sukha Balka (Kryvy Rih, Dnipropetrovsk region), which is part of the DCH group of Oleksandr Yaroslavsky, increased its net profit by 3.62 times in 2021 compared to the previous year, to UAH 1.326 billion from UAH 366.802 million.
According to the company’s official information on the agenda of the annual meeting of shareholders scheduled for December 22, which will be held remotely, retained earnings at the end of last year amounted to UAH 3.419 billion.
The shareholders intend to take stock of the work in 2021, approve the reports and the company’s significant transactions.
The draft decision proposes to direct the profit to replenish working capital.
Personnel issues will be considered at the meeting: termination of powers of the current Supervisory Board and Audit Commission, election of new members.
The Sukha Balka mine is one of the leading enterprises in the mining industry in Ukraine. It extracts iron ore by underground method.
