ADX achieves 95% compliance in Q1 results disclosure

Abu Dhabi Securities Exchange (ADX) announced that it has achieved 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.

62 listed companies, local and foreign, disclosed their 1st quarter financial statements for 2015 within the 45 days period given.

Combined net profits of all listed companies as of March 31, 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 & financial services sector with an increase of 367 per cent, followed by the real estate sector with an increase of 16 per cent.

“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 first quarter financial statements,” said Saif Sayah Al Mansouri, head of Listed Companies at ADX.

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