Cherat Cement : Transmission of Annual Report for the Year Ended June 30, 2022
September 21, 2022 at 02:00 am EDT
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Knowing our
Strength
ANNUAL REPORT
2022
CHAPTERS
STRATEGY AND
RESOURCE
ALLOCATION
0565
51
ORGANIZATIONAL
RISKS AND
OVERVIEW AND
OPPORTUNITIES
EXTERNAL
ENVIRONMENT
FUTURE
OUTLOOK
167 179
175
IT GOVERNANCE AND
STAKEHOLDERS
CYBERSECURITY
RELATIONSHIP AND
ENGAGEMENT
GOVERNANCE
77
139
95
SUSTAINABILITY AND
ANALYSIS OF
CORPORATE SOCIAL
THE FINANCIAL
RESPONSIBILITY
INFORMATION
STRIVING FOR
EXCELLENCE
IN CORPORATE
REPORTING
185
205
189
BUSINESS MODEL
FINANCIAL
STATEMENTS
About the Report
We are pleased to present the Annual Report of Cherat Cement Company Limited (the Company) for the year ended June 30, 2022. The Company was incorporated in Pakistan as a public company limited by shares in the year 1981. The Company is listed on Pakistan Stock Exchange Limited. Its main business activity is manufacturing, marketing and sale of cement.
2 Cherat Cement Company Limited
This Report is structured in way that the shareholders of the Company can get an insight of the affairs
as well as financial and business information of the Company. We always believe on the transparent disclosure of information and practices of the Company.
The Report covers the substantial aspects of the Company's Business and underlines the risk management framework, governance structure, corporate performance, future strategies, Directors' Report, Chairman's Review and other governance and policies. The Report also covers the Company's aim of aligning its business processes and activities with the United Nations Sustainability Development Goals (SDGs) and highlights its contributions towards each goal. The Company also explains its corporate social responsibility and its efforts towards it.
An integrated report is a concise communication about how an organization's strategy, governance, performance and prospects in context of its external environment lead to creation of value. Since the Company has adopted the International Integrated Reporting Framework therefore, the Report has also been prepared in accordance with the International Integrated (IR) Framework and
Global Reporting Initiative (GRI) in order to provide the stakeholders a transparent reflection of value creation ability, contributions and quality information of the Company. We consistently evaluate our processes and approach in order to meet the best practices in order to create sustainable value. The principal objective of the Report is adherence with the principles of inclusivity, materiality, responsiveness and evaluation against the elements of IR. The material presented in this report
is such a way that it enables the stakeholders to understand better. The Company also considers the importance and strengthening of this report in terms of information, connectivity and demonstration of results.
The Report also includes audited financial statements of the Company along with the Auditor's Report thereon. The Report consists the compliances, provisions and directives of the Companies Act, 2017, Code of Corporate Governance Regulations, 2019, Auditor's review report on compliance of such Regulations and International Financial Reporting Standards.
This Annual Report is available in both print and online form at www. gfg.com.pk/cccl/
Annual Report 2022
3
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Cherat Cement Company Ltd. published this content on 21 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 September 2022 05:59:08 UTC.
Cherat Cement Company Limited is a Pakistan-based company, which is engaged in the manufacturing, marketing, and sale of ordinary Portland cement and clinker. The Company's main product is ordinary Portland cement, branded as Cherat, and also has a composite cement named Cherat Khyber. The Company provides its customers with cement for use in general construction and in niche projects. It produces clinker using a mix of both local and imported inputs. Its products are used for the construction of houses, infrastructure, commercial, and industrial facilities. Its manufacturing plant is located in Village Lakrai, District Nowshera, Khyber Pakhtunkhwa (KPK) Province, catering primarily to the local market of KPK, federally administered tribal areas (FATA), Azad Kashmir, and Punjab. The Company exports its product to the Afghanistan market. It has an annual installed capacity of approximately 4.5 million tons.