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Bithumb Semi-Annual Report: Sales Exceed 329 Billion Korean Won, Up 35%
Summary: According to News1, South Korean exchange Bithumb has released its first-half performance report: sales reached 329.1 billion Korean Won (up 35% year-on-year), operating profit at 90.1 billion Korean Won (down 5.7% year-on-year), and net profit at 55 billion Korean Won (down 46.5% year-on-year). The company attributed the profit decline to increased costs from user welfare ...
According to News1, South Korean exchange Bithumb has released its first-half performance report: sales reached 329.1 billion Korean Won (up 35% year-on-year), operating profit at 90.1 billion Korean Won (down 5.7% year-on-year), and net profit at 55 billion Korean Won (down 46.5% year-on-year). The company attributed the profit decline to increased costs from user welfare activities and valuation losses on crypto assets, while the sales growth benefited from record-high prices of assets like Bitcoin.
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Link: Bithumb Semi-Annual Report: Sales Exceed 329 Billion Korean Won, Up 35% [Copy]
