Naftogazvydobuvannya, gas producing asset of DTEK Oi&Gas, heads the list Ukraine's TOP 100 Best Companies in Terms of Financial Performance. The ranking was prepared by the Visnyk journal, the official publication of the State Fiscal Service of Ukraine.
The TOP 100 was compiled based on the Fiscal Service's official data for 2016 on solvency, financial soundness and profitability of the companies.
"A company's financial standing is one of the key management efficiency indicators," the journal's article states. "It is the timely and effective financial decisions that largely define both competitiveness and investment attractiveness of a company."
"Over its 12 years in business, DTEK has implemented high corporate governance standards compliant with the international practices. This is the basis that makes it possible for our business divisions to demonstrate quality results and win acclaim both in Ukraine and abroad. Today our team is facing new challenges related to the energy market reforms and global transformations. DTEK is prepared for them: we are ready to become the driver of modernisation for the Ukrainian energy sector, to drive its transformation from a post-Soviet overregulated industry into a client-oriented pro-European modern sector of economy," said Maxim Timchenko, CEO of DTEK.
