Investment, financial firms' profit up 367 per cent

The combined net profit of all listed companies as of March 31, 2015 has shown an increase of 3.7 per cent in comparison to the same period in 2014.

By Staff Report

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Published: Wed 20 May 2015, 11:34 PM

Last updated: Thu 25 Jun 2015, 7:38 PM

Abu Dhabi: The investment and financial services sector companies listed on the Abu Dhabi Securities Exchange showed a spectacular growth of 367 per cent year-on-year in earnings in the first quarter of the year. The real estate sector followed it with an increase of 16 per cent in earnings.

The combined net profit of all listed companies as of March 31, 2015 has shown an increase of 3.7 per cent in comparison to the same period in 2014. Abu Dhabi Securities Exchange achieved a compliance rate of 95 per cent regarding the disclosure of the first quarter financial statements of its listed companies.

Sixty-two listed companies, local and foreign, disclosed their first quarter financial statements for 2015 within the 45 days period given. Saif Sayah Al Mansouri, head of Listed Companies 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 first quarter financial statements.”

haseeb@khaleejtimes.com



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