{"id":87010,"date":"2023-11-30T00:00:00","date_gmt":"2023-11-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/phoenix-group-reports-usd-144-mn-9m-earnings-postpones-listing\/"},"modified":"2023-11-30T00:00:00","modified_gmt":"2023-11-30T00:00:00","slug":"phoenix-group-reports-usd-144-mn-9m-earnings-postpones-listing","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2023\/11\/30\/phoenix-group-reports-usd-144-mn-9m-earnings-postpones-listing\/","title":{"rendered":"Phoenix Group reports USD 144 mn 9M earnings + postpones listing"},"content":{"rendered":"

Phoenix Group has had a strong year so far: <\/strong>The soon to be ADX-listed crypto mining firm Phoenix Group reported net income of USD 144.4 mn in 9M 2023 compared to USD 138.9 mn in net income for 2022, Phoenix said in its maiden financials (pdf)<\/a> filed to the ADX. The financials did not provide figures for comparable periods. On the flip side, the company\u2019s revenues came in at USD 229 mn during the first nine months of the year, compared to USD 755.5 mn in 2022.<\/p>\n

The crypto miner has delayed its debut on the bourse: <\/strong>Phoenix Group was expected to commence trading its shares on the ADX next Monday, 4 December. However, the firm has pushed its IPO date to 5 December to avoid a clash with the UAE\u2019s National Day, according to a statement<\/a>. <\/p>\n

Remember<\/strong>: Phoenix\u2019s IPO closed on 18 November with a 33x oversubscription rate. The retail portion of the offering was 180x oversubscribed, while the institutional portion was 22x oversubscribed.<\/p>\n","protected":false},"excerpt":{"rendered":"

The crypto miner\u2019s revenues dropped 69.6% over the first nine months of the year<\/p>\n","protected":false},"author":1,"featured_media":87011,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1596],"tags":[74,237,7,1392,229],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-87010","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-adx","tag-earnings-watch","tag-enterpriseam-uae","tag-ipo","tag-phoenix-group","wpautop","entry"],"acf":{"mongo_id":"fdf6058a-092f-4685-9908-168e1988059f","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/4\/3027.jpg","photo_position":"below","homepage_title":"","full_issue_title":"Phoenix Group reports USD 144 mn 9M earnings + postpones listing","related_issue":[87001],"teaser":"The crypto miner\u2019s revenues dropped 69.6% over the first nine months of the year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.69dd96de-3601-4f10-ab10-04f43a00f1e9.mp3"},"yoast_head":"\nPhoenix Group reports USD 144 mn 9M earnings + postpones listing - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2023\/11\/30\/phoenix-group-reports-usd-144-mn-9m-earnings-postpones-listing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Phoenix Group reports USD 144 mn 9M earnings + postpones listing\" \/>\n<meta property=\"og:description\" content=\"The crypto miner\u2019s revenues dropped 69.6% over the first nine months of the year\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2023\/11\/30\/phoenix-group-reports-usd-144-mn-9m-earnings-postpones-listing\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-30T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/3027.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2023\/11\/30\/phoenix-group-reports-usd-144-mn-9m-earnings-postpones-listing\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2023\/11\/30\/phoenix-group-reports-usd-144-mn-9m-earnings-postpones-listing\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Phoenix Group reports USD 144 mn 9M earnings + postpones listing\",\"datePublished\":\"2023-11-30T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2023\/11\/30\/phoenix-group-reports-usd-144-mn-9m-earnings-postpones-listing\/\"},\"wordCount\":167,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2023\/11\/30\/phoenix-group-reports-usd-144-mn-9m-earnings-postpones-listing\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/3027.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ADX\",\"EARNINGS WATCH\",\"EnterpriseAM UAE\",\"IPO\",\"Phoenix Group\"],\"articleSection\":[\"EARNINGS WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2023\/11\/30\/phoenix-group-reports-usd-144-mn-9m-earnings-postpones-listing\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2023\/11\/30\/phoenix-group-reports-usd-144-mn-9m-earnings-postpones-listing\/\",\"name\":\"Phoenix Group reports USD 144 mn 9M earnings + postpones listing - 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