Macau casino investor Success Universe Group Ltd. was in a losing streak during the first half of the year, with revenues declining while losses ballooning.

In a disclosure to the HongKong Stock Exchange on Wednesday, Success Universe reported a 67 percent net loss during the January to June 30 period. The company said its net loss sagged to HKD21.1 million (US$2.7 million) in the first six months versus last year’s HK$12.6 million (US$ 1.62 million).

The only silver lining for Success Universe is the fact that the net loss for the first half of the year is lower than the 563 percent net loss they posted during the January to June 2016 period.

Success Universe attributed the firm’s lackluster business performance to the decrease of the Group’s shared profit of the associates relating to Ponte 16. Data provided by Success Dragon showed that its share profit plunged 32 percent to HKD7.2 million (US$920,098) in the first half of 2017.