Business news from Ukraine

Shareholders of Gliny Donbassa will select audit company to audit financial statements for 2023

The shareholders of Gliny Donbassa PrJSC (Shlyakhove village, Donetsk region) intend to select an audit company to audit the financial statements for 2023.

“To select and appoint an audit entity to provide services for the statutory audit of the company’s financial statements for the year 2023 (for the period from January 1, 2023 to December 31, 2023),” reads the agenda of the extraordinary shareholders’ meeting scheduled for December 29, which will be held offline.

As reported, in 2022, Donbass Clays reduced its net profit by 9.4 times compared to 2021 – to UAH 32.217 million from UAH 302.512 million, with retained earnings at the end of the year amounting to UAH 228.193 million.

Hlyny Donbassa was established in 1995. The company is engaged in the extraction and supply of clays and composites from deposits in Donetsk Oblast.

As reported, at the end of 2015, the Dutch Watts Blake Bearne International Holdings B.V., a part of the British Watts Blake Bearne (the world’s largest producer of lump clay – IF-U), increased its stake in the authorized capital of Donbass Clay PJSC to 99% from 49%.

According to the fourth quarter of 2022, Watts Blake Bearne International Holdings B.V. owns 99% of the company.

The authorized capital of Gliny Donbassa PrJSC amounts to UAH 526.9 thousand.

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