Upbit parent company Dunamu's third-quarter sales were about $205 million, down 66.3% year-on-year

According to ZDNet, Dunamu, the parent company of the South Korean encryption exchange Upbit, reported a year-on-year decrease of 66.3% in sales of approximately US$205 million in the third quarter, a year-on-year decrease of 76% in operating profit of US$124 million, and a year-on-year decrease of 72.7% in net profit of US$120 million. Compared with the second quarter, sales and operating profit fell by 24.1% and 39.3%, respectively.