Abu Dhabi Securities Exchange (ADX) announced today that it has succeeded in achieving a compliance rate of 100% regarding the disclosure of financial statements of its listed public joint stock companies within the deadline of 45 days from the end of the third quarter period. All 66 listed local and foreign companies on the Exchange, disclosed their financial statements for the third quarter for 2012 within the 45 given day period.
It is worthy to note that the combined net profit of all local listed companies as of September 30th 2012 has shown an increase of 9% in comparison to the same period last year. The highest recorded increase was in the Real-estate sector with 87%, followed by the industry sector with 64%.
Mr. Saif Sayah Al Mansouri, head of Listed Companies at ADX commented: “The collaboration between ADX Listed Companies department and the listed companies on ADX has always proved to be a productive one. We can clearly see the high level of collaboration in the compliance that the companies have adhered to.”