Yaroslavskyi’s Sukha Balka cuts profit 4.2 times to UAH 114.8 million in 2023

In 2023, the Sukha Balka company (Kryvyi Rih, Dnipropetrovsk Region), which extracts ore underground, decreased its net profit 4.2 times, or by UAH 373 million to UAH 114.837 million.

This is evidenced by the draft decision on the agenda of the general meeting of shareholders of the company, scheduled for April 30, Ukrainian News Agency reports.

At the same time, the net profit based on the results of the company's activities in 2023 is planned to be allocated to replenish the working capital of the enterprise.

The company ended 2022 with a profit of UAH 487.878 million.

As Ukrainian News Agency earlier reported, the Sukha Balka mine includes the Yuvileina and Frunze ore mines.

In 2017, the mining and metallurgical group Evraz Group, the largest shareholder of which is russian businessman Roman Abramovich, sold Sukha Balka to Berklemond Investments (Cyprus), which is part of the Development Construction Holding (DCH) group, for USD 110 million.

DCH Group is owned by businessman Oleksandr Yaroslavskyi.