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.