Tuesday , August 21 2018

ADX achieves 99% disclosure compliance

ABU DHABI / WAM

Abu Dhabi Securities Exchange (ADX) announced that it has succeeded in achieving a compliance rate of 99 percent regarding the disclosure of the first quarter (Q1) financial statements of its listed public joint stock companies within the deadline of 45 days from the end of the financial period.
As many as 65 listed companies out of 66, local and foreign, disclosed their Q1 financial statements for 2018 within the 45 days period given.
The combined net profit of all listed companies as of March 31, has shown an increase of 8.96 percent in comparison to the same period in 2017.
The highest recorded increase was in the Investment and Financial Sector with an increase of 58.63 percent, followed by the Insurance sector with an increase of 35.09 percent.
ADX said that the collaboration between the exchange and its listed companies has always proved to be a productive one.

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