The losing streak of South Korean casino operator Paradise Co. Ltd. continues in the third quarter despite the seeing a recovery in Chinese VIP play.

Paradise Co., which runs foreigner-only casinos, saw its net profit plunged by 86.5 percent to KRW1.4 billion ($1.26 million) from KRW10.45 billion ($9.39 million) in the previous year.

Total sales revenue of Paradise Co. for the third quarter was up 11.9 percent to KRW196.1 billion ($176.29 million) compared to KRW175.21 billion ($157.51 million) in the same period of 2016.

In terms of quarter on quarter comparison, Paradise Co.’s total sales revenue jumped 40 percent this quarter compared to April to June 2017 period. The South Korean operator also turned a profit during the 92-day period ending September 30 compared to the previous quarter.