Valamar Riviera reported consolidated earnings results for the year 2016. For the year, the company reported net profit of HRK 342.3 million against HRK 105.5 million a year ago. Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 21% to HRK 512.6 million. Total revenues rose 18% on the year to HRK 1.6 billion, while sales revenues climbed 15% to HRK 1.5 billion. For the year 2016 was marked by strong results, high operating efficiency and increased profitability, number of factors contributed to this: continual investments in raising the competitive edge and the quality of services and products, focus on the guest and operational excellence in sales, marketing and revenue management, the strategic acquisition of the Baska hotel group and continual efforts in developing destinations, products and added-value services.