The board of Elegant Hotels Group Plc is recommending to shareholders at its Annual General Meeting a final dividend of 3.5 pence per share. Together with the interim dividend of 3.5 pence per share, this equates to a total dividend of 7.0 pence per share for the 2016 financial year. The final dividend is subject to the approval of the company's shareholders and will be paid on 8 March 2017 to shareholders on the register on 27 January 2017. The company's ordinary shares will become ex-dividend on 26 January 2017.

The company reported consolidated earnings results for the Year ended September 30, 2016. For the period, revenue was $56,981,000 against $60,075,000 for the same period prior year. Operating Profit was $17,963,000 against $8,941,000 for the same period prior year. Profit before taxation was $15,784,000 against $5,865,000 for the same period prior year. Profit for the year and total comprehensive income attributable to equity holders of the parent company was $13,780,000 against $4,890,000 for the same period prior year. basic and diluted earnings per share was 15.5 cents against 7.2 cents for the same period prior year. EBITDA was $21,193,000 against $11,985,000 for the same period prior year. Adjusted EBITDA was $19,566,000 against $22,158,000 for the same period prior year. Net cash generated from operating activities was $17,012,000 against $11,400,000 for the same period prior year. Purchase of property, plant and equipment was $9,660,000 against $3,460,000 for the same period prior year.