Cryptocurrency Exchange Upbit’s Operator Dunamu Announces Q2 2023 Net Profit of KRW 108 Billion

The newest quarterly report means that Dunamu, the corporate that’s answerable for working the cryptocurrency trade Upbit, had a web revenue of KRW 108 billion in the course of the second quarter of 2023 (April-June), when the interval in query was measured. The report contains this information in its complete evaluation. In stark comparability to the KRW 37.8 billion web loss introduced within the second quarter of the prior yr, the present figures present a revenue of KRW 5.2 billion.

For this quarter, the corporate registered a income of KRW 186.6 billion, marking a 47.9% decline from the KRW 358.1 billion reported in Q2 2022. Regardless of this, the quarter’s web revenue showcased a optimistic course. After changes, the working revenue stood at KRW 86.6 billion, reflecting a 68.9% lower from earlier figures.

Dunamu’s analysis signifies that “A worldwide liquidity squeeze and prolonged financial hunch have affected investor confidence,” leading to decreased gross sales.That is due to the worldwide liquidity crunch and the extended financial downturn. As well as, the corporate mentioned {that a} rise within the worth of digital property compared to 2022 contributed to the event in web revenue. This was said in reference to the expansion in web revenue.

Since 2022, Dunamu has been required to submit its enterprise reviews on a semi-annual foundation because the firm falls into the group of firms which might be required to hold out exterior audits as a result of it has greater than 500 shareholders for every safety. This obligation has been positioned on Dunamu attributable to the truth that it belongs to the class of organisations which might be required to hold out exterior audits.

Picture supply: Shutterstock

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