Viva Republica, the operator of mobile financial service Toss, achieved a consolidated operating profit of 2.8 billion won ($2.06 million) in the second quarter of this year, the firm announced, Wednesday.

This marks a turnaround from a loss of 62.58 billion won in the second quarter of last year.

It also represents the first quarterly profit since its launch in 2013.

On a half-year-basis, Toss reported an operating loss of 9.4 billion won, which is a 91.5 percent reduction compared to the same period last year. The net loss for the period was 20.1 billion won, marking an 81.8 percent decrease.

However, for the first half of this year, consolidated revenue reached 914.1 billion won, marking a 39.7 percent increase compared to the same period last year and setting a new record high.

Toss has now surpassed 19.1 million monthly active users.

Toss attributed the strong performance to its consumer services, including loan brokerage, easy payments, advertising, and tax services, as well as the success of its subsidiary, Toss Securities, which significantly contributed to these results.

Toss Securities recently announced that it achieved its full-year operating profit target within just six months, with an operating profit 스포츠 of 30.6 billion won for the first half of the year. The company credited the strong performance to its robust U.S. securities trading services.

In addition to launching a new PC-based web trading system, the company announced plans to expand its product lineup to include trading in U.S. bonds.

Toss Securities attracted over 6.1 million customers since its launch three years ago, boasting more than 3.2 million monthly active users.

Toss also acquired a tax platform operator in April, entering tax rebate service market.

“The balance of growth across our services has been the key driver of our record-breaking performance,” Toss CEO Lee Seung-gun said.

“We remain committed to delivering the best financial experiences and innovative services to our users,” he added.