OREANDA-NEWS. DTEK, the largest Ukrainian energy company, has announced the results of its audited consolidated financial reports for 12 months of 2012 ended on 31 December 2012.

Key financial figures of the company for the reporting period:

Revenue increased by 108.6% to UAH 82,581m

EBITDA grew by 64.7% to UAH 16,936m

Net income went up by 68.1% to UAH 5,922m

Capital investment (both in tangible and non-tangible assets) increased by 133.1% to UAH 10,330m.

"DTEK's financial and production performance meets our expectations in terms of Ukraine's economic situation and market reality. In the near term our focus is to further integrate new companies, improve business efficiency and develop new areas, particularly, construction of wind farms and gas production projects including underground gasification of coal. At the same time we understand that the ability to raise investment in Ukraine's fuel and energy sector will directly depend on the industry reform, namely, the electricity market reform. We need to liberalize the market, ensure a wise tariff policy and transparent regulation promoting better use of the energy system and lower cost of production and supply of electricity and thermal power," DTEK's CEO Maxim Timchenko commented on the company's annual results.