ADX achieves 97pc Q2 disclosure compliance
ABU DHABI, August 17, 2019
Abu Dhabi Securities Exchange (ADX), the region's leading financial market, has announced that it has succeeded in achieving a compliance rate of 97 per cent regarding the disclosure of the second quarter financial statements 2019 of its listed public joint stock companies, domestic and foreign, within the deadline of 45 days from the end of the financial period.
Some 62 out of 64, local and foreign, public listed companies disclosed their Q2 financial statements for 2019 within the 45 days period given, said the statement from ADX.
The energy sector spearheaded the success list with a 20.41 per cent increase in profit followed by the services sector with a profit increase of 18.72 per cent.
The collaboration between ADX and its listed companies has always proved to be a productive one, it added.-TradeArabia News Service
