Phoenix Group’s net profits hit $170m in 9M-24 unaudited financials - Mubasher Info

Phoenix
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Abu Dhabi – Mubasher: Phoenix Group recorded year-on-year (YoY) higher net profits attributable to the owners at $169.84 million in the first nine months (9M) of 2024, versus $144.45 million.

Basic and diluted earnings per share (EPS) remained unchanged at AED 0.02 in 9M-24, according to the unaudited financial results.

The revenues hit $156.11 million as of 30 September 2024, marking an annual drop from $229.57 million.

Income Statements for Q3-24

In the third quarter (Q3) of 2024, the ADX-listed company logged net profits attributable to the shareholders valued at $47.55 million, down YoY from $96.30 million.

The basic and diluted EPS retreated to $0.008 in Q3-24 from $0.019 in Q3-23, while the revenues plunged to $35.97 million from $68.77 million.  

During the six-month period that ended on 30 June 2024, Phoenix Group achieved net profits after tax attributable to the equityholders worth $122.28 million, compared to $48.15 million a year earlier.

Source: Mubasher Source: {{details.article.source}}