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ADX achieves 95.3pc Q1 disclosure compliance

ABU DHABI, May 21, 2019

Abu Dhabi Securities Exchange (ADX) has recorded a 95.3 per cent compliance regarding the disclosure of the first quarter results of its listed public joint stock companies within the deadline of 45 days from the end of the financial period.

A total of 61 out of 64, local and foreign, public listed companies disclosed their 1st quarter financial statements for 2019 within the 45 days period given.

The combined net profit of all listed companies as of March 31, 2019, has shown a decrease of 2.85% in comparison to the same period in 2018, said the statement from ADX.

Yet, the banking sector witnessed an increase in profit with 2.69%, followed by telecommunication sector with a 0.51% profit increase, it added.-TradeArabia News Service




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