Press Release 2004.04.23

Daum announces financial results for Q1 04

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Ø Total Revenues in the first quarter of 2004 were KRW 44.1 billion, an increase of 5.8% from fourth quarter of 2003 and an increase of 56.1% from the same period of 2003.

Ø Revenues from Online Banner Advertising in the first quarter of 2004 were KRW 23.0 billion, an increase of 9.2% from fourth quarter of 2003 and an increase of 55.6% from the same period of 2003.

Ø Revenues from Transactional Services in the first quarter of 2004 were KRW 9.6 billion, a decrease of 3.1% from fourth quarter of 2003 and an increase of 29.2% from the same period of 2003.

Ø Revenues from Online Shopping in the first quarter of 2004 were KRW 11.5 billion, an increase of 7.2% from fourth quarter of 2003 and an increase of 90.5% from the same period of 2003.
(Gross Merchandise Sales of Online Shopping in the first quarter of 2004 were KRW 90.0 billion, an increase of 12.2% from fourth quarter of 2003 and an increase of 55.8% from the same period of 2003.)

Ø Gross Profits in the first quarter of 2004 were KRW 26.2 billion, an increase of 10.0% from fourth quarter of 2003 and an increase of 58.6% from the same period of 2003.

Ø Operating Income in the first quarter of 2004 were KRW 11.1 billion, an increase of 20.2% from fourth quarter of 2003 and an increase of 31.7% from the same period of 2003.

Ø Recurring Profits in the first quarter of 2004 were KRW 5.6 billion, an increase of 27.3% from fourth quarter of 2003 and a decrease of 38.6% from the same period of 2003.

Ø EBITDA in the first quarter of 2004 were KRW 15.9 billion, an increase of 14.8% from fourth quarter of 2003 and an increase of 28.1% from the same period of 2003.
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