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Abu Dhabi Securities Exchange (ADX) announced that it has succeeded in achieving a compliance rate of 99% regarding the disclosure of the 1st quarter financial statements of its listed public joint stock companies within the deadline of 45 days from the end of the financial period.
64 listed companies, local and foreign, disclosed their 1st Quarter financial statements for 2014 within the 45 days period given.
It is worthy to note that the combined net profit of all listed companies as of 31st of March 2014 has shown an increase of 18.8% in comparison to the same period in 2013. The highest recorded increase was in the Consumer Staples sector with an increase of 175.6%, followed by the Real Estate sector with an increase of 81.5%.
Mr. Saif Sayah Al Mansouri, head of Listed Companies 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."
