Shareholders of DTEK Mine Komsomolets Donbassa Channeled 2012 Profit into Production Development
Kirovske, Donetsk Region, 19 April 2013. On 17 April 2013, the Annual General Meeting of DTEK Mine Komsomolets Donbassa washeld, which reviewed and approved the results of the financial and business performance of the company for the past year.
In 2012, the coal mining company produced 4.5 million tonnes of coal. In 2012, the company used UAH 494.2 million as part of the investment programme implementation. Investments in occupational safety amounted to UAH 48.5 mln.
The shareholders of the company decided to leave undistributed the net profit of UAH 58.2 million received based on the 2012 performance of DTEK Mine Komsomolets Donbassa and to invest it in the production development.
The Meeting also reviewed and approved the reports of the Supervisory Board and the Audit Committee of DTEK Mine Komsomolets Donbassa. The amended version of the Articles of Association of the company was also approved.
“The company has clear tasks on the scope of tunneling and coal production for 2013. It is planned to complete a large project on the processing plant upgrading, construct the facilities of fresh air supply shaft No.4 and the water pumping system and to replace the main fan. We will continue implementing the Gas Drainage and Methane Utilization Project”, Kostiantin Vialyy, the General Director of DTEK Mine Komsomolets Donbassa, said at the meeting of shareholders. “Occupational safety and health of our employees as well as the improvement of the financial and economic status remain the priority for DTEK Mine Komsomolets Donbassa.”
DTEK is the largest energy company in Ukraine. The Company is the energy division of System Capital Management (SCM). DTEK’s enterprises operate effectively in coal mining and preparation, and electricity generation, distribution, and sales.
DTEK’s portfolio of coal assets includes 31 mines and 13 coal preparation plants in Donetsk, Dnipropetrovsk and Lugansk regions of Ukraine and in Rostov region of the Russian Federation. In 2012, DTEK’s Ukrainian mines produced more than 39 million tonnes of coal.
The generation segment is represented by 10 thermal power plants and two combined heating and power plants with more than 18 GW of total installed capacity. DTEK’s generation enterprises are located in seven regions of Ukraine and the capital (Kyivenergo generates and supplies electricity and heating to Kyiv).
DTEK’s electricity distribution and sales segment includes five enterprises that collectively supply power to approximately 5.2 million customers – both individuals and legal entities.
DTEK Trading represents DTEK in all trading operations both in the domestic market and abroad. The company holds licenses for coal, electricity and natural gas supplies. DTEK’s coal is consumed by power plants, coking plants and iron and steel works in Ukraine as well as power plants and industrial facilities in Europe, Asia, North and South America and Africa. The Company also exports energy to Hungary, Slovakia, Romania, Poland, Moldova, and Belarus.
DTEK’s consolidated revenues in 2012 amounted to UAH 82.5 billion; the Company’s net profit totalled UAH 5.9 billion. DTEK paid UAH 15.5 billion in taxes in 2012.