Valamar Riviera achieves revenue growth of 17 percent and overnight stay growth of 20%

first_imgIn the first nine months of 2017, Valamar Riviera dd from Poreč, the leading tourist company in Croatia, generated HRK 1.740 million in total consolidated operating revenues, which is an increase of 17 percent compared to the same period last year. In the same period, operating profit or adjusted EBITDA grew by 19%.The strong revenue growth is primarily the result of a 20% increase in overnight stays and an increase in the average price of 6%. Significant added value for shareholders was realized, ie the company’s value increased by 26% as a result of the growth of market capitalization, so the current value of the company is HRK 7,2 billion, Valamar points out, and announces that in 2017 they expect to achieve between HRK 1.755 and 1.775 million operating income, ie growth of 17,9% to 19,2% compared to last year. “Revenue growth will be accompanied by strong growth in consolidated operating profit (EBITDA), which will reach between HRK 600 and 610 million annually, which is HRK 87 to 97 million more than Valamar Riviera achieved in 2016. ” pointed out Željko Kukurin, President of the Management Board of Valamar Riviera.In 2017, the announced largest annual investment cycle Valamar Riviere worth more than 900 million kuna was successfully completed, most of which was related to repositioning projects in Rabac, ie the construction of two resorts – Family Life Bellevue Resort 4 * and Valamar Girandella Resort 4 * / 5 * with continued investment in raising the quality of campsites according to the segment of higher added value. “The business results achieved in the first nine months of this year are a confirmation of the success of Valamar Riviera’s growth and development strategy, which is based on continuous investments in products, employees and destinations with the aim of creating added value for shareholders and other stakeholders. For the third year in a row, we are achieving strong growth in business results and quality, and accordingly Valamar’s market capitalization is growing at an average annual rate of more than 30%, with progressive growth in wages and employment. This year alone, we have invested more than 900 million kuna and created more than 1.000 new jobs, and I thank all the shareholders, employees, partners and destinations who participated in this strong step forward.. “Kukurin concluded.In accordance with the announced three-year investment cycle with a total value of up to HRK 2 billion by 2020, Valamar Riviera plans to continue intensive investments in 2018, the final decision on which will be made in early December 2017.Hotels and camps Valamar Riviere the best in CroatiaAt the Days of Croatian Tourism, Valamar’s hotels and camps won new awards, and Valamar Girandella Resort was named the investment of the year.In the category of the best hotels and camps, five Valamar hotels and one camp were awarded. The award for the best congress hotel went to the Valamar Lacroma Dubrovnik 4 * + hotel, while in the four-star hotel category, the best hotel was Valamar Diamant from Poreč. In the family holiday category, Valamar had two nominations – Valamar Isabella Island Resort 4 * / 5 *, which won first place, and Valamar Club Tamaris 4 *, which won third place.Valamar also won the award for the best large camp, which went to Camping Resort Lanterna 4 *, as well as a special recognition Valamar Girandella Resort 4 * / 5 * in Rabac was declared the hotel investment of the year.last_img read more

GSA boys’ tennis team wins regional title

first_imgWATERVILLE — The George Stevens Academy boys’ tennis team won its sixth straight Class C Eastern Maine championship on Wednesday at Colby College.The No. 1-seeded Eagles (14-1) will face Waynflete of Portland or Hall-Dale of Farmingdale in Saturday’s state final.Doubles team Tim Dentino and Matt Stephens and singles player Nate Boechat notched GSA’s first two wins, and Luke Theoharidis beat Piscataquis’ Tristan French 6-3, 6-3 to clinch the title.Also for GSA, Tate Yoder beat Mitchel Noyes 6-1, 7-5, and doubles team Ben Politte and David Reinke concluded the day with a win.This is placeholder textThis is placeholder textPiscataquis finished its season with a 10-3 record.The previously undefeated Ellsworth boys lost 4-1 to defending Class B Eastern Maine champion, Camden Hill of Rockport.Evan Toothaker notched Ellsworth’s only win with a 7-5, 6-4 victory over Austin Pohlman.Ellsworth ended its season 14-1.last_img read more

Guard accidentally shoots colleague while clearing firearm

first_imgA security officer attached to the Sheriff Security Services is now nursing a gunshot wound to his left foot after being shot by his colleague while they were delivering firearms to another security officer on Sunday morning.Region Three Police Commander, Senior Superintendent Linden LordThe injured man has been identified as 23-year-old Jamal Bourne of Plaisance, East Coast Demerara (ECD).Reports received revealed that about 08:30h, Bourne and his co-worker, Travis Johnson, were handing over service weapons to their colleague who was stationed at a Chinese supermarket in Dairy, Parfaite Harmonie, West Bank Demerara (WBD) when the shooting incident occurred.Bourne was reportedly sitting in the back seat of the vehicle while Johnson was standing close to the nearby door “clearing” his service firearm, a 9mm Glock. It was at this time Johnson is said to have accidentally squeezed the trigger and the gun went off.The discharged round reportedly struck Bourne above his knee on his left foot and exited his body. The injured man was immediately rushed to the West Demerara Regional Hospital (WDRH), where he was admitted for treatment.Bourne was said to have been in stable condition before he was subsequently discharged from that hospital. The other security officers who were present when the incident took place returned to the company’s headquarters with Johnson’s service weapon.Region Three (Essequibo Islands-West Demerara) Police Commander, Senior Superintendent Linden Lord, when contacted, explained that Johnson was presently in Police custody at the La Grange Police Station, WBD.He stated that such an incident was preventable and that persons who carried loaded weapons should exercise more caution especially in the presence of others, or in public settings.“I am urging the security companies using firearms to ensure that their personnel who are authorised to use those firearms know about the Standard Operating Procedures (SOPs). They need to be more careful as to when they are cleaning, handing over, and taking over firearms.”He added that a probe is under way as his ranks are in the process of retrieving Johnson’s weapon from the Sheriff Security Services to continue their investigations into the matter. (Kristen Macklingam)last_img read more