Dunamu Reports Q1 Operating Profit of 396.3 Billion KRW, Down 35% from Previous Quarter

Korea Economic Daily

Summary

Dunamu announced that its Q1 operating profit decreased by 34.8% from the previous quarter to 396.3 billion KRW.
Net profit also fell by 39.1% to 320.5 billion KRW.
They explained that the U.S. 'tariff bomb' and Bitcoin's dominance led to decreased altcoin trading volumes, impacting performance negatively.

Dunamu announced on the 15th that it recorded sales of 516.2 billion KRW and an operating profit of 396.3 billion KRW in the first quarter of this year. This represents a decrease of 31.5% and 34.8% respectively from the previous quarter. Net profit (320.5 billion KRW) also fell by 39.1% during the same period.

A Dunamu representative explained, "The impact of the U.S. government's 'tariff bomb' significantly dampened investment sentiment," adding, "As Bitcoin leads the cryptocurrency market, interest in altcoins has waned, resulting in decreased trading volumes, which also contributed to the poor performance."

Reporter Jinseong Kim jskim1028@hankyung.com