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.
65 listed companies out of 66, local and foreign, disclosed their 1st Quarter financial statements for 2018 within the 45 days period given.
It is worthy to note that the combined net profit of all listed companies as of 31 March 2018 has shown an increase of 8.96% 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 %, followed by the Insurance sector with an increase of 35.09%
On this occasion, ADX stated that the collaboration between the Exchange and its listed companies has always proved to be a productive one.
