Abu Dhabi Securities Exchange (ADX) announced that it has succeeded in achieving a 100% compliance rate in financial disclosure statements of its listed public joint stock companies within the deadline of 45 days from the end of the financial period.
All 66 ADX listed companies, local and foreign, disclosed their 1st Quarter financial statements for 2013 within the 45 days period given. The combined net profit of all listed companies, as of the first financial Quarter of 2013, has showed an increase of 2% in comparison to the same period in 2012. The highest recorded increase was in the Investment & Financial Services sector, with an increase of 509%, followed by the Banks sector with an increase of 15%.
Mr. Saif Sayah Al Mansouri, head of Listed Companies and acting head of Media 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 1st Quarter financial statements."