Dong made DKr15bn ($2.71bn) before interest, tax, depreciationand amortisation (Ebitda) in 2013, up from DKr8.6bn in 2012.

The Danish group said the improvement reflected higher earningsfrom its offshore wind activities – its fastest-growing area – cost reductionsand increased ownership of a gas field.

Offshore wind revenue grew 12% year-on-year to Dkr12bn,Ebitda in the segment was 29% higher at 4.3bn.

The majority state-owned company last week saw politicalgo-ahead for the controversial sale of a stake in Dong to a group including USinvestment giant Goldman Sachs, which will get a 19% stake.

Dong