Operating profit for the first quarter at Dunamu, which runs the virtual asset exchange Upbit, was tallied as down 78% from a year earlier.
According to the Financial Supervisory Service's electronic disclosure system on the 15th, Dunamu's first-quarter revenue (sales) on a consolidation basis was 234.6 billion won, down 55% from 516.2 billion won a year earlier, and operating profit was 88 billion won, down 78% from 396.3 billion won a year earlier.
Net profit came to 69.5 billion won, down 78% from 320.5 billion won a year earlier. The declines in sales and operating profit are seen as stemming from decreased virtual asset market transaction volume due to the global economic slowdown.
Ninety-seven percent of Dunamu's sales come from transaction fees. The decrease in transaction value also led to a reduction in customer deposits. Dunamu's first-quarter customer deposits were about 5.199 trillion won, down 11% from December last year.