The large company "Phoenix" reported a net loss of 153.6 million dollars (563.7 million dirhams) for the first quarter of 2025. The company's losses were attributed to various factors, including market instability and increased production costs. Company representatives noted that they plan to undertake a series of measures aimed at improving financial performance and enhancing business efficiency. However, despite the challenging situation, at "Phoenix" they maintain optimism and confidence that thanks to the measures taken the company will stabilize and ensure sustainable development in the future.
