Elegant Hotels Group Plc announced unaudited consolidated operating and financial results for the six months ended 31 March 2019. For the six months the company reported revenue of $43,728,000 against $42,488,000 a year ago. Operating profit was $14,174,000 against $12,409,000 a year ago. Profit for the period attributable to equity holders of the Parent was $11,831,000 against $8,818,000 a year ago. Basic earnings per share were 13.3 cents against 9.9 cents a year ago.

For the six months, overall occupancy grew by one percentage point to 68% against 67% a year ago. This was driven by Treasure Beach and the all-inclusive properties; Crystal Cove, Waves and Turtle Beach.  Targeted discounting drove higher occupancy at Treasure Beach and Turtle Beach.

As a result, the Group remains comfortable with the 2019 outlook versus market expectations and confident in the Group's longer term prospects.