ADX achieves 99 percent in disclosure compliance
Abu Dhabi Securities Exchange
Abu Dhabi - WAM
Abu Dhabi Securities Exchange, ADX, has succeeded in achieving 99 percent compliance regarding the disclosure of first quarter (Q1) 2017 financial statements of its listed public joint stock companies within the deadline of 45 days from the end of the financial period.
65 listed companies out of 66, local and foreign, disclosed their statements within given the time frame.
The combined net profit of all listed companies as of 31st March 2017, has shown an increase of 18.94 percent in comparison to the same period in 2016. The highest recorded increase was in the Services sector with an increase of 444.23 percent, followed by the Energy sector with an increase of 159.38 percent.
Saif Sayah Al Mansoori, Senior Head of Listed Companies Affairs Department at ADX commented, "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' fulfillment of their obligations on the disclosure of the Q1 financial statements."
Source: WAM
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