Abu Dhabi – Mubasher: The net profits after tax attributable to the shareholders of Phoenix Group hiked to $66.15 million in the first quarter (Q1) of 2024 from $24.87 million a year earlier.

Revenues from contracts with customers reached $68.93 million in Q1-24, down from $81.94 million in Q1-23, according to the financial results.

Basic and diluted earnings per share (EPS) jumped year-on-year (YoY) to $0.011 in Q1-24 from $0.005 a year earlier.

Total assets amounted to $879.30 million as of 31 March 2024, higher than $834 million at the end of December 2023.