UST Inc. Has Achieved Self-Sufficiency in the 2022 Audit Opinion
Unitsky String Technologies Inc. has undergone an annual audit of accounting records in accordance with the Law of the Republic of Belarus "On Auditing Activities" and national rules of auditing activities. The opinion of FinExpertiza-Bel Audit LLC suggests that UST Inc. has achieved self-sufficiency for the first time since its establishment. In addition, the company significantly increased the size of its assets in 2022.
In the auditor's opinion, the financial statements give a true and fair view, in all material respects, of the financial position of the company as of December 31, 2022. Besides, they present the financial results of the company's activities and the changes in its financial position, including cash flows for the year that ended on that date, pursuant to Belarusian law.
Based on its financial and business performance, UST Inc. turned a profit in 2022, which allowed the company to become self-sufficient. The main direction of commercial activities of the engineering company in the reporting period was the delivery of services for the design of uST Transport & Infrastructure Complexes.
A copy of the document is available here.
More news
News
26 March 2024
UST Inc. Hosted the Republican Olympiad in Engineering Design CAD
The event was initiated by Mr. Sergey Pronkevich, Head of Engineering Calculations Design Office, as the leading Belarusian expert in this area.
Blog
6 March 2023
uST Transport and Infrastructure Complexes as a Solution to the Problem of Air Hubs Accessibility
The construction of uST transport and infrastructure complexes will ensure a fast and safe transfer to airports.
News
16 October 2025
The Union State Council has endorsed the development of string technologies in partnership with UST Inc
Participants discussed the potential for creating string transport lines connecting border regions and the capitals of the Union State. Experts believe that developing this technology can bolster the technological independence of both Russia and Belarus.
