Australia's Viva Leisure jumps most in 6 months on positive results, forecast

Viva Leisure

11/10/2022 02:22

** Shares of health club Viva Leisure  VVA.AX  rise as much
as 11.1% to A$1.2, their best intraday session since March 25
    ** VVA sees FY23 revenue between A$137 mln to A$140 mln
($86.28 mln- $88.17 mln), up from the A$90.8 mln reported in
FY22
    ** FY23 EBITDA expected to be between A$28 mln and A$30 mln,
up 445% over FY22
    ** Q1 FY23 EBITDA of A$6.4 mln already exceeds FY22, says co
    ** Shares hit their highest levels since Sept 12
    ** More than 51,000 shares change hands, compared with the
30-day average volume of about 50,000 shares
    ** Stock down ~51% this year, as of last close
     ($1 = 1.5878 Australian dollars)
 (Reporting by Anan Ashraf in Bengaluru)
 ((Anan.Ashraf@thomsonreuters.com;))