South Korean casino operator Paradise Co. Ltd. extended its financial losing streak in the first quarter of 2018 with net income plunging 61.6 percent.

Latest figures from Paradise Co. showed that its net for the first three months of 2018 dropped to KRW3.10 billion (US$2.88 million) from KRW5.01 billion ($4.68 million) in the same period last year.

This was the fifth consecutive time that the casino operator’s net income dropped since the first quarter of 2017. Paradise’s net income result also came as a surprise especially after its casino sales jumped 19.9 percent to KRW149.37 billion ($140.40 million) in the three months ending March 2018.

Paradise reported an operating profit of approximately KRW4.81 billion ($4.49 million) during the first quarter of the year versus an operating loss of KRW7.70 billion in the first three months of 2017.