HongKong-listed casino operator NagaCorp. Ltd. scored a robust net profit, soaring by as much as 7 percent on the back of a stable Cambodian economy.

In a regulatory filing on Wednesday, NagaCorp posted a US$184.2 million net profit in 2016 compared to the previous year. Revenue for the period has also risen by 5.5 percent year-on-year to US$531.6 million, with casino revenue accounting for 94.2 percent of overall income.

Meanwhile, NagaCorp.’s reported earnings before interest, taxation, depreciation and amortization (EBITDA) of US$256.1 million, up by 12 percent from the prior-year period.

“As noted we are quite pleased that net profit is 7 percent. It is a very competitive environment. So when I looked at those numbers and looked back in the last seven years, we have seen consistent seven digit growth many of those years,” Tim McNally, chairman of NagaCorp. told Bloomberg. “But this is a positive news as well as I indicated that we have a competitive gaming environment but we are very optimistic in 2017, it is an extremely exciting year for us.”