Dubai, UAE, May 17, 2024 (GLOBE NEWSWIRE) -- Phoenix Group PLC (ADX:PHX), the leading provider of web3, crypto, and blockchain technologies in the region, has announced impressive financial results for the first quarter of 2024. Building on a successful inaugural year as a publicly traded entity, the company has showcased the robustness of its business model and its steadfast commitment to enhancing stakeholder value.  In the first year as a publicly listed company, Phoenix Group is proud to announce a Q1 net income of USD 66.2 million, a growth of 166% year-on-year. Key financial highlights: ⁠Total assets surged by 237% year-over-year, soaring to $879.3 million from $261 million. ⁠The quarter-over-quarter growth in total assets stands at 5%. Revenue experienced an 18% quarter-on-quarter increase, reaching $68.9 million. ⁠Gross profit saw a robust 82.8% quarter-on-quarter rise, amounting to $23.28 million. ⁠Total comprehensive income expanded by 312% year-on-year to $102.28 million and by 33.7% quarter-on-quarter. ...