Dunamu Reports 3Q Revenue of 271.9 Billion KRW, Down 66.3% Year-on-Year

[Asia Economy Reporter Lee Jung-yoon] Dunamu, the operator of Upbit, the leading cryptocurrency exchange in South Korea, saw its operating revenue (sales) for the third quarter of this year plummet by 66% compared to the same period last year.

According to the Financial Supervisory Service's electronic disclosure system on the 29th, Dunamu's consolidated third-quarter sales recorded 271.9666 billion KRW, a 66.29% decrease from the same period last year. Operating profit was 168.7926 billion KRW, down 76.65%, and net profit was 159.98582 billion KRW, down 72.68%. Compared to the previous quarter, sales and operating profit decreased by 24.1% and 39.3%, respectively. Net profit turned positive.

Cumulative sales up to the third quarter amounted to 1.0569 trillion KRW, down 62.7% from the same period last year. Cumulative operating profit was 734.8 billion KRW, a decrease of 71.7%.

This decline in sales and operating profit appears to have been influenced by ongoing global liquidity contraction, overall capital market shrinkage, and the impact of interest rate hikes.

Dunamu is included in the list of corporations subject to external audits with more than 500 shareholders per security and is required to disclose business reports and quarterly/semi-annual reports.

This content was produced with the assistance of AI translation services.