Dunamu Posts $28.1 Million in Second-Quarter Net Profit as Revenue Falls 39%

Dunamu, the operator of digital-asset exchange Upbit, said on Aug. 14 that its second-quarter net profit fell 60% from a year earlier to 38.9 billion won ($28.1 million).

Revenue declined 39.2% to 173.5 billion won ($125.3 million), while operating profit plunged 84.6% to 23.5 billion won ($17.0 million).