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Elegant Hotels Group could be hit by tax changes

Mon, 19th Oct 2015 10:17

(ShareCast News) - Elegant Hotels Group's post-tax profit could be affected by tax changes in Barbados.The company highlighted it in a trading statement released on Monda, saying that trading since its interim results in June has remained solid and pre-tax results for the year to 30 September are in line with expectations.However, it noted that the Government of Barbados announced changes to company tax, which "may result in a modest increase in the effective tax rate".But the company said it believed post-tax earnings will remain "broadly in line with expectations".The company also noted it "actively considering" some potential acquisitions in Barbados and the surrounding Caribbean islands.Elegant Hotels chief executive Sunil Chatrani said there has been a significant amount of activity in the business over the summer months."It is a great reflection on the considerable efforts of the whole team that the business continues to perform in line with its targets."As we move in to the key winter months ahead, we continue to focus on building the profitability of our core existing business while looking closely and selectively at acquisition opportunities in Barbados and the surrounding Caribbean islands."
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14 Oct 2016 09:31

Elegant Hotels Group agrees management contract for first Antigua hotel

(ShareCast News) - AIM-listed Elegant Hotels Group, an operator of six upscale hotels and a beachfront restaurant in Barbados, reported that it had agreed a new management contract in Antigua while experiencing low bookings due to political uncertainties in the UK arisen from the Brexit result. In a

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22 Aug 2016 07:02

Monday newspaper round-up: Brexit chaos, Nigeria oil, house prices, ITV-ETO

(ShareCast News) - Leaving the EU may not not happen anytime soon given that civil servants charged with the task don't yet have an office and hold meetings in Starbucks. Some estimates suggest "full Brexit" may take 10 years and involve up to 10,000 people, not only in the new and other so-called "

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14 Jul 2016 14:12

DIRECTOR DEALINGS: Elegant Hotels Chairman Buys Shares

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7 Jul 2016 15:13

UK Earnings, Trading Statements Calendar - Next 7 Days

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14 Jun 2016 08:17

Elegant Hotels Warns On Earnings As Zika Virus Hits Barbados Demand

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1 Apr 2016 07:49

Elegant Hotels Hires Former Cineworld Finance Chief As CFO

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1 Apr 2016 07:42

Elegant Hotels appoints Richard Jones as CFO

(ShareCast News) - Elegant Hotels, the AIM-listed owner and operator of hotels in Barbados, has appointed Richard Jones as Chief Financial Officer and executive director of the group with immediate effect. Jones was previously CFO of main market listed pan-European cinema operator Cineworld. Since l

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11 Mar 2016 11:53

DIRECTOR DEALINGS: Elegant Hotels Non-Executive Buys First Shares

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8 Feb 2016 15:23

Elegant Hotels acquires another Barbados resort

(ShareCast News) - Elegant Hotels was adding another significant property to its Caribbean portfolio on Monday, acquiring Swiss International Ltd, owner of Waves Hotel and Spa, for a total consideration of $18m (£12.5m). The AIM-traded operator of Barbados hotels described Waves as a four star, 70-b

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8 Feb 2016 09:03

Elegant Hotels Agrees To Buy And Refurbish Waves Hotel In Barbados

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18 Jan 2016 16:14

AGM, EGM Calendar - Week Ahead

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3 Jan 2016 14:47

Sunday share tips: Persimmon, Vodafone, McBride, Telford Homes

(ShareCast News) - Now might be the right time to sell Persimmon shares, said the Sunday Times' Inside the City column, with a trading update due on Thursday. Investors in the house builder have seen the price triple in the last three years and received £800m in dividends. Persimmon was one of three

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16 Dec 2015 07:59

Elegant Hotels Pushes Up Interim Dividend As Full Year Revenue Rises

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26 Nov 2015 16:13

Earnings, Trading Statements Calendar - Week Ahead

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24 Nov 2015 09:40

BROKER RATINGS SUMMARY: Nomura Cuts Burberry To Neutral From Buy

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