KakaoPay said on Tuesday it posted first-quarter consolidated revenue of 300.3 billion won, operating profit of 32.2 billion won and net profit of 34.7 billion won, marking its best quarterly results on record. Revenue jumped 41.7 percent from a year earlier, while operating profit surged 630.9 percent and net profit rose 141.5 percent.

First-quarter transaction volume rose 15 percent from a year earlier to 50.9 trillion won. Revenue-contributing transaction volume was 14.6 trillion won, holding at about 29 percent of the total.

Payment services grew 21 percent overall, with offline payments up 50 percent and online payments up 13 percent. Overseas payments rose 20 percent. Remittance services expanded 15 percent on higher stock trading. KakaoPay Money balances rose to 2.5122 trillion won.

By segment, revenue from payment services rose 13.3 percent to 138.4 billion won. Online payments, led by external merchants, grew 24 percent, driving the expansion.

Financial services revenue rose 82 percent to 145.9 billion won, with investment and insurance revenue up 137 percent and 78 percent, respectively. Finance accounted for 49 percent of total revenue. Platform revenue rose 67 percent to 16.0 billion won.

Operating expenses rose 29 percent from a year earlier to 268.0 billion won, but grew less than revenue. Advertising and promotional expenses and labor costs fell from the previous quarter.

Operating profit rose more than sevenfold from a year earlier, and the operating margin was 10.7 percent. The net profit margin also reached double digits at 11.6 percent. EBITDA was 40.8 billion won.