Kohat Cement : Transmission of Quarterly Report for the Period Ended 31-03-2023 REVISED

CONTENTS

02	03	06	07	08
Corporate Information	Directors' Review	ٹروپر ہزئاج زرٹکیرئاڈ	Statement of Financial	Statement of Profit
			Position	and Loss
09	10	11	12
Statement of	Statement of	Statement of Changes	Notes to the Financial
Comprehensive	Cash Flows	in Equity	Statements
Income

EXPANDING OUR

3rd Quarter Report - March 31, 2023

1

CORPORATE INFORMATION

Board of Directors

Mr. Aizaz Mansoor Sheikh Chairman/Non-Executive Director

Mr. Nadeem Atta Sheikh	Chief Executive
Mrs. Hafsa Nadeem	Non-Executive Director
Mrs. Hijab Tariq	Non-Executive Director
Mr. Muhammad Rehman Sheikh	Non-Executive Director
Mr. Muhammad Atta Tanseer Sheikh	Non-Executive Director
Mr. Ahmad Sajjad Khan	Independent
	Non-Executive Director
Mr. Talha Saeed Ahmed	Independent
	Non-Executive Director

Audit Committee

Mr. Talha Saeed Ahmed	Chairman
Mr. Aizaz Mansoor Sheikh	Member
Mr. Muhammad Atta Tanseer Sheikh	Member

HR&R Committee

Mr. Ahmad Sajjad Khan	Chairman
Mr. Nadeem Atta Sheikh	Member
Mr. Muhammad Atta Tanseer Sheikh	Member

Company Secretary

Mr. Muhammad Asadullah Khan

Legal Advisor

Imtiaz Siddiqui & Associates

Auditors

KPMG Taseer Hadi & Co.

Chartered Accountants

Share Registrar

Hameed Majeed Associates (PVT) Limited

H.M. House,

7-Bank Square, Lahore

Tel: 042 - 37235081-82

Fax: 042 - 37358817

Registered Office and Works

Kohat Cement Company Limited

Rawalpindi Road, Kohat.

Tel: 0922 - 560990

Fax: 0922 - 560405

Head Office

37- P Gulberg - II, Lahore. Tel: 042 - 11 111 5225 Fax: 042 - 3575 4990

Email: [e-mail]

Web: www.kohatcement.com

Bankers of the Company

The Bank of Punjab

Habib Bank Limited

Askari Bank Limited

The Bank of Khyber

Samba Bank Limited

Standard Chartered Bank (Pak) Ltd

Soneri Bank Limited

Allied Bank Limited

United Bank Limited

MCB Bank Limited

National Bank of Pakistan

Bank Alfalah Limited

Habib Metropolitan Bank Limited

Meezan Bank Limited

JS Bank Limited

Dubai Islamic Bank Limited

Bank Islami (Pakistan) Limited

2

DIRECTORS' REVIEW

Dear Shareholders,

The Directors of your Company gladly present the unaudited interim financial statements of your Company for the 3rd Quarter and Nine-Month period ended March 31, 2023.

Industry Review

The local dispatches of the Industry declined by 15.4% mainly because of economic meltdown in the country. The Industry exported 3 million tons depicting a decline of 34.5% from comparable period of last year (4.64 million tons). Cumulative dispatches of the industry were 33.6 million tons compared to 40.77 million tons

last year showing a decrease of 17.6% in volumes.

Below is the quantitative data:

						M. Tons
Dispatches	Third Quarter (Jan-Mar)	Nine Months (July-Mar)
	FY 2023	FY 2022	Variance	FY 2023	FY 2022	Variance
Local	10.53	12.06	-12.7%	30.56	36.13	-15.4%
Exports	1.30	1.25	4.0%	3.04	4.64	-34.5%
Total	11.83	13.31	-11.1%	33.60	40.77	-17.6%

Company's financial and operational performance

Operational performance of your Company is summarized as under:

						M. Tons
	Third Quarter (Jan-Mar)	Nine Months (July-Mar)
	FY 2023	FY 2022	Variance	FY 2023	FY 2022	Variance
Clinker Production	710,650	806,791	-11.9%	2,137,260	2,432,667	-12.1%
Cement Production	758,308	910,126	-16.7%	2,324,145	2,710,546	-14.3%
Domestic Sales	761,731	925,866	-17.7%	2,304,943	2,723,090	-15.4%
Export Sales	9,435	2,150	338.8%	10,554	4,630	127.9%
Total Sales	771,166	928,016	-16.9%	2,315,497	2,727,720	-15.1%

Financial Performance

Financial Performance of your Company for the period under review is as under:

							Rupees in Million
		Third Quarter (Jan-Mar)	Nine Months (July-Mar)
		FY 2023	FY 2022	Variance	FY 2023	FY 2022	Variance
Net Sales	10,010	8,570	16.8%	29,825	23,585	26.5%
Gross Profit	2,241	2,505	-10.5%	7,969	7,248	9.9%
Gross Margin	22.39%	29.23%		26.72%	30.73%
Operating Profit	2,480	2,441	1.6%	8,338	6,898	20.9%
EBITDA	2,759	2,722	1.4%	9,174	7,734	18.6%
EBITDA Margin	27.56%	31.76%		30.76%	32.79%
PAT	1,624	1,646	1.4%	5,363	4,630	15.8%
Earnings per share (Rs)	8.08	8.19		26.70	23.05
EXPANDING OUR	3rd Quarter Report - March 31, 2023				3