Kohat Cement : Transmission of Quarterly Report for the Period Ended 31-03-2023 REVISED
May 11, 2023 at 12:34 am EDT
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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: mis@kohatcement.com
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
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Kohat Cement Company Ltd. published this content on 11 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 May 2023 04:33:07 UTC.
Kohat Cement Company Limited is a Pakistan-based company, which is engaged in the production and sale of cement. The Company's products include Grey Cement and White Cement. The Company offers Ordinary Portland Grey Cement under the brand name KOHAT CEMENT. Its Grey Cement packaging is available in 50 kilograms (KGs) paper and polypropylene bags and bulk cement. The Company produces and sells White Portland Cement under the brand name KOHAT SUPER WHITE. The Company also offers white canvas for various architectural applications. The Company's white canvas is used for concreting and ornamental applications, terrazzo floorings, fixing of tiles and marbles, and others. The Companyâs White Cement is available in 40 and 50 KGs paper and polypropylene bags. The Company's White Portland Cement is available in all local markets in Pakistan and Afghanistan. The Company produces both Grey and White Cements at its plants located in Rawalpindi Road, Kohat.