Dunamu Reports 86.6 Billion KRW Operating Profit in 2Q, Down 69% Year-on-Year

Domestic virtual asset exchange Upbit, operated by Dunamu, saw its operating profit in the second quarter of this year plummet by nearly 69% compared to the same period last year.

According to the Financial Supervisory Service's electronic disclosure system, Dunamu's consolidated operating profit for the second quarter was 86.6 billion KRW, a 68.9% decrease from the same period last year. Revenue (sales) was 186.6 billion KRW, down 47.9% during the same period. Net profit for the period was 100.8 billion KRW.

Dunamu explained, "The decline in sales was mainly due to weakened investment sentiment caused by global liquidity contraction and prolonged economic recession," adding, "On the other hand, net profit increased this quarter as the valuation rose with the recovery of digital asset prices compared to the previous year."

A Dunamu representative stated, "As a key player in the upcoming Web 3.0 era, we plan to continuously challenge new fields and expand our base to become a global leader."

Meanwhile, Dunamu has been required to disclose business reports and quarterly/semi-annual reports since last year after being included as an external audit target corporation with more than 500 shareholders per security.

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