OREANDA-NEWS. DTEK, Ukraine's largest energy company, announced its unaudited consolidated financial statements for the six months ended 30 June 2013.

Key financial indicators of the Company for the reporting period:

Revenue: UAH 43,776[1] million

EBITDA: UAH 7,023 million

Net profit: UAH 1,197 million

Capital investment (in tangible assets): UAH 4,540 million

''We were able to increase production at DTEK's coal enterprises and electricity sales by our electricity distribution companies,” said Maxim Timchenko, DTEK CEO. “This was the result of on-going reforms of internal processes in DTEK and the consolidation of new companies. Unfortunately, at the same time market experienced considerable increase in the debts of state-owned mines and water utilities for electricity, general electricity consumption decrease as well as the surplus of local coal in the market. We understand the financial deficit in the energy system and the surplus of coal on the local market will continue to grow and it is quite doubtful to get the long-term effectiveness of Ukrainian energy industries without conduction of systematic reforms. At the same time, DTEK still has a good safety margin and is continuing a large-scale investment program to modernize its enterprises. We have also done everything possible to maintain planned social investments in regions where we operate. We believe all these investments provide a good basis for overcoming the challenges ahead''.