Seoul: Kakao Pay Corp. on Wednesday reported its first-quarter net income jumped more than 80-fold to 14.4 billion won (US$10.3 million) from 167 million won a year earlier. This significant increase marks a notable improvement in the company's financial performance.
According to Yonhap News Agency, operating income for the January-March period amounted to 4.4 billion won, marking a shift from an operating loss of 9.7 billion won a year ago. The company's revenue rose 20.2 percent on-year to 211.9 billion won. This growth in revenue indicates a strong performance in its core business operations for the quarter.