The Phoenix Group posts stellar 2024 first quarter results with surge in assets and profits

Phoenix Group PLC (ADX: PHX), a leader in web3, crypto, and blockchain technologies, has unveiled its stellar financial performance for Q1 2024. The company, buoyed by a successful first year as a publicly traded entity, disclosed a net income of USD 66.2 million, marking a 166% year-on-year surge. Key highlights include a 237% increase in total assets, reaching $879.3 million, and an 18% rise in revenue to $68.9 million.

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