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[Alpha Biz=(Chicago) Reporter Paul Lee] Dunamu announced on the 28th that consolidated sales in the third quarter of this year fell 29% year-on-year to 193 billion won. Operating profit fell 39.6% year-on-year to 101.8 billion won and net profit fell 81.6% to 29.5 billion won.
Dunamu's drop in sales appears to have been affected by a continued rate hike and sluggish investment markets stemming from the economic downturn. It is heard that valuation losses from falling virtual asset prices played a major role in the sharp decline in net profit during the term.
Dunamu cited the popularization of blockchain services as a key driving force in overcoming the downturn in the virtual asset market. It also said it will promote new businesses to leap into the Web 3 era, while taking the lead in efforts to develop the virtual asset market, protect investors and build trust.
Founded in 2012, Dunamu is included in a corporation subject to external audits with more than 500 owners by securities and has been making it mandatory to publish business reports and half-yearly reports since last year.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
