Dubai: Abu Dhabi Securities Exchange (ADX) said it has succeeded in achieving a compliance rate of 95 per cent regarding the disclosure of the first quarter financial statements of its listed public joint stock companies within the deadline of 45 days from the end of the financial period.
About 62 listed companies, local and foreign, disclosed their first quarter financial statements for 2015 within the 45 days period given, the ADX said in a statement posted on its website.
“The collaboration between ADX and its listed companies has always proved to be a productive one. We can clearly see the positive impact of this cooperation through the companies’ fulfilment of their obligations on the disclosure of the 1st quarter financial statements,” Saif Sayah Al Mansouri, head of Listed Companies at ADX said in a statement.
The combined net profit of all listed companies as of March 2015 has shown an increase of 3.7 per cent in comparison to the same period in 2014.
The highest recorded increase was in the investment and financial services sector with an increase of 367 per cent, followed by the real estate sector with an increase of 16 per cent.
