Upbit operator Dunamu Q1's operating profit was about $249 million, up 58% year-on-year.

Upbit operator Dunamu has announced its consolidated financial results for Quarter 1 this year. Operating income (sales) was 531.10 billion won (approx. 395 million USD), operating profit was 335.60 billion won (approx. 249 million USD), and net profit for the period was 267.40 billion won (approx. 199 million USD). Operating income increased 74% year-on-year and operating profit increased 58%. Net profit for the period decreased 18% year-on-year. Compared to the previous quarter, operating income increased by 60% and operating profit increased by 39%, while net profit for the period decreased by 23%.