Philippine-listed casino operator Bloomberry Resorts Corp.’s Jeju operations is turning out to be the company’s Achilles heels that prevents it from taking off.

Bloomberry reported on Tuesday a net revenue of PHP10.60 billion ($199.77 million) in the three months that ended June 30, 2018, up 7.7 percent against the PHP9.83 billion ($185.26 million) it posted in the same period last year.

Its consolidated EBITDA also grew 3 percent to PHP3.75 billion ($70.72 million) in the second quarter of 2018, according to Bloomberry.

However, Bloomberry’s net profit slid 18 percent to PHP1.62 billion ($30.53 million) in April to June 30, 2018 period from the P1.959 billion ($36.92 million) it posted in Q2 2018. In a regulatory filing, Bloomberry its operations in South Korea as the culprit behind the net profit decline.