{"id":777049614,"date":"2026-11-11T05:10:47","date_gmt":"2026-11-11T08:10:47","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777049614"},"modified":"2026-11-11T09:08:34","modified_gmt":"2026-11-11T12:08:34","slug":"paradise-co-reports-20-6-increase-in-q3-net-income","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/paradise-co-reports-20-6-increase-in-q3-net-income","title":{"rendered":"Paradise Co reports 20.6% increase in Q3 net income"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The company&#8217;s quarterly results showed growth across its main financial indicators, with operating profit rising faster than revenue.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Key takeaways<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Paradise Co&#8217;s net income attributable to shareholders increased 20.6 per cent year-on-year to KRW27.78bn (US$20.8m) in Q3 2026.<\/li>\n\n\n\n<li>Consolidated net income rose 17.1 per cent to KRW39.15bn (US$29.3m).<\/li>\n\n\n\n<li>Third-quarter revenue increased 22 per cent to KRW351.66bn (US$263.4m), while operating profit jumped 62.3 per cent to KRW64.12bn (US$48m).<\/li>\n\n\n\n<li>For the first nine months, revenue grew 12.6 per cent, but operating profit and consolidated net income declined.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">South Korea.- The South Korean foreigner-only casino operator <strong>Paradise Co Ltd<\/strong> reported KRW27.78bn (US$20.8m) in net income attributable to shareholders in the third quarter. That&#8217;s a rise of 20.6 per cent year-on-year, according to a regulatory filing submitted on Tuesday, November 10.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company\u2019s consolidated net income increased by 17.1 per cent year-on-year to KRW39.15bn (US$29.3m). Revenue for the third quarter reached KRW351.66bn (US$263.4m), up 22 per cent, while operating profit increased by 62.3 per cent to KRW64.12bn (US$48.0m).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On a quarter-on-quarter basis, revenue grew by 10.6 per cent, while operating profit increased by 80.4 per cent. Consolidated net income rose by 86.2 per cent from KRW21.02bn (US$15.7m) in the second quarter.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For the first nine months of 2026, Paradise Co recorded revenue of KRW963.71bn (US$721.7m), up 12.6 per cent year-on-year. However, operating profit declined by 1.9 per cent to KRW136.98bn (US$102.6m), while consolidated net income fell by 27.6 per cent to KRW78.84bn (US$59.0m). Net income attributable to shareholders also declined by 20 per cent to KRW60.04bn (US$45.0m).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In a filing earlier this week, Paradise Co disclosed that it was reviewing a possible investment in Maison Glad Jeju, a 510-room hotel close to its Jeju casino. The company has yet to make a final decision or disclose the potential investment value.<\/p>\n\n\n<div id=\"see-also-container\">\n\t\t\t<span class=\"see-also-label\">See also:<\/span><\/p>\n<div class=\"related-article\">\n\t\t\t\t<img decoding=\"async\" class=\"related-article__thumbnail\" src=\"https:\/\/focusgn.com\/asia-pacific\/wp-content\/uploads\/sites\/5\/2025\/04\/Paradise-City-300x200.jpg\" alt=\"\"><\/p>\n<p class=\"related-article__text\">\n\t\t\t\t\t<span class=\"see-also-label-strong\">See also:<\/span> <a href=\"https:\/\/focusgn.com\/asia-pacific\/paradise-co-casino-revenue\">Paradise Co October casino revenue rises 12.8% year-on-year<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>The company&#8217;s quarterly results showed growth across its main financial indicators, with operating profit rising faster than revenue.<\/p>\n","protected":false},"author":2395,"featured_media":777048179,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Paradise Co Ltd, a South Korean foreigner-only casino operator, reported robust Q3 2026 financial results, with significant year-on-year increases in revenue (22%), operating profit (62.3%), and net income (20.6%). While Q3 performance was strong, the first nine months showed mixed results with revenue growth but declines in operating profit and consolidated net income. The company is also evaluating a potential investment in Maison Glad Jeju.","focusai_entities":"Paradise Co Ltd, Maison Glad Jeju","focusai_location":"South Korea, Jeju","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q3 Profit Drivers?","query":"What specific operational efficiencies or market conditions contributed to Paradise Co's significant 62.3% operating profit increase in Q3 2026, particularly given the mixed performance for the first nine months?"},{"label":"Jeju Investment Rationale?","query":"What is the strategic rationale behind Paradise Co's potential investment in Maison Glad Jeju, and how does this align with its long-term capital allocation strategy and market positioning within the South Korean foreigner-only casino segment?"}],"footnotes":""},"categories":[28,16338],"tags":[29,1705,152],"class_list":["post-777049614","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","tag-casino","tag-paradise-co","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777049614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2395"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777049614"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777049614\/revisions"}],"predecessor-version":[{"id":777049655,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777049614\/revisions\/777049655"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777048179"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777049614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777049614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777049614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}