Profits of South Korea’s largest casino operator Paradise Co. Ltd. is likely to bounce back in the third quarter of 2016 after seeing losses last year.

This was the prediction of Seoul-based brokerage Shinhan Investment Corp. as it said that Paradise will post “sharp earnings improvement” in the third quarter based on a low comparison base from the prior-year period.

Analyst June-won Sung expects Paradise to report consolidated sales of about KRW189.9 billion (US$165.5 million) for the third quarter of 2016, which is 33 percent higher than the KRW 143 billion (US$124 million) it posted in the third quarter of 2015.

He also believes that Paradise’s operating profit will surge by 139.9 percent year-on-year to KRW 27.5 billion (US$ 23.99 million).