DG Khan Cement Company's senior management visited The Lahore Stock Exchange to participate in the Corporate Briefing Programme (CBP). CBP is an interactive programme initiated by the LSE under the Corporate Communications Department to encourage companies to come forward and share their financials and non-financial projects before the members, TREC Holders, investors and the media to abridge the communicational gap between the listed companies and the market participants through this platform.
Chief Financial Officer and Director Inyat Ullah Naizi, Company Secretary Khalid M Chohan and Senior Manager Finance Syed Anees Hassan addressed the participants explaining and highlighting the financial performance of the company.
Anees while sharing DGKCC's financial performance stated that energy shortage was one of the biggest challenges faced by the industrial sector of Pakistan. He also mentioned that the company had successfully installed and operated Waste Heat Recovery plant and Alternate Fuels project which were earning impressive savings for the Company.
Anees expressed DG Khan Cement Company Limited (DGKC) was a company with farsightedness. Naizi, Director DGKC stated that the Company's strategy was to stabilise and enhance its profitability yet not neglecting the social responsibility aspects. He shared that the Company had plans for its expansions in Pakistan and was also looking for a joint venture in Africa.
Niazi while addressing the participants informed that the Company had started two projects with name of Lahore Green and Multan Green. Through these projects the Company will procure waste from local government body and process that for further use in replacement of imported coal. He expressed that the projects were expected to boost savings for the Company.
Ms Maryam Baqir, Manager Corporate Communications while addressing the participants stated that the purpose of the Corporate Briefing Programme was to provide an opportunity to the companies to brief investors and the broker community on the updated operational, financial and strategic positioning of the companies. She expressed that an opportunity of periodical communication through the Corporate Briefing Programme would enable the companies to create a strong investors following, besides, providing the investors an opportunity to gain first-hand knowledge from a company's management.
She stated "LSE considers it essential for the companies to participate in such programmes so that there is no information asymmetry regarding our listed companies."