Upbit Operator Dunamu's Q1 Net Profit Plunges 78% YoY

BlockBeats News, May 16, according to Asia Business magazine, Dunamu, the operator of the cryptocurrency exchange Upbit, announced that the company's consolidated financial statements for the first quarter of this year showed revenue of 234.6 billion South Korean Won and operating profit of 88 billion South Korean Won. The above data decreased by 55% and 78% year-on-year, respectively. Net profit for the period also fell by 78% year-on-year to 69.5 billion South Korean Won.