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Article: LA Fitness in good shape with record results.(Health & fitness news)

Article from:
Leisure Report
Article date:
November 1, 2004
Copyright

LA Fitness impressed the City with record full year results, with turnover up 20% to 79.6m [pounds sterling], and plans for a new 'weight loss or your money back' concept.

Announcing preliminary results for the year ended 31 July 2004, the company said pre-tax profits before exceptional items were up 27% to 9.1m [pounds sterling], compared with 7.2m [pounds sterling] last time, even allowing for an anticipated VAT cost of 1.76m [pounds sterling]. The company said it had been helped by the government's anti-obesity drive increasing awareness of the need for a healthy lifestyle.

Turnover for the year grew to 79.6m [pounds sterling] (2003: 66.3m [pounds ...

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