▲ A photo of Toss' logo provided by its operator, Vivia Republica (PHOTO NOT FOR SALE) (Yonhap)

SEOUL, Aug. 14 (Yonhap) -- Viva Republica Inc., the South Korean operator of the Toss app, said its net income for the first six months of the year rose 120.2 percent on-year, thanks to the growth of services provided through its super app.

The company's net income on a consolidated basis for the January-June period was 232.8 billion won (US$164.6 million), according to its regulatory filing.

Operating profit stood at 246.1 billion won, up 59.2 percent. Sales rose 53.2 percent on-year to 1.89 trillion won.

By business, the company's super app service, which covers everything from money transfers to investments to loan and tax services, generated 1.3 trillion won, accounting for 70.3 percent of total sales.

Its payment network service unit, which includes user-facing mobile payments, posted 561.3 billion won in sales, the company said.

Viva Republica said the number of subscribers to its pay-by-face service has topped 7 million as of July.

The super app operator is said to be making preparations to list itself on the U.S. stock market but has yet to announce a specific timetable.

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