Dunamu Reports Q1 Revenue of 304.8 Billion KRW, Down 28.6%
On the 30th, Dunamu announced that it recorded consolidated sales of 304.8 billion KRW and operating profit of 211.9 billion KRW for the first quarter of this year.
According to the Financial Supervisory Service's electronic disclosure system, Dunamu's consolidated operating revenue (sales) for the first quarter of 2023 was 304.8 billion KRW, a 28.6% decrease compared to the same period last year. Operating profit decreased by 26.3% to 211.9 billion KRW, while net profit for the period increased by 54.9% to 326.3 billion KRW.
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The decline in sales and revenue appears to be due to ongoing global liquidity tightening, economic recession, and overall weakened investment sentiment. The increase in net profit was mainly driven by a recovery in virtual asset prices compared to the previous quarter, which led to a rise in valuation amounts.
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