Abu Dhabi Securities Exchange (ADX) announced that it has succeeded in achieving a compliance rate of 99% regarding the disclosure of the 3rd quarter 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 3rd Quarter financial statements for 2016 within the 45 days period given.
It is worthy to note that the combined net profit of all listed companies as of 30 of September 2016 has shown an decrease of -3.59% in comparison to the same period in 2015. The highest recorded increase was in the Real Estate sector with an increase of 15.92%, followed by the Telecommunication sector with an increase of 10.26%
Mr. Saif Sayah Al Mansouri, Senior Head of Listed Companies Affairs Dept. 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 3rd quarter financial statements."
