Australia's Viva Leisure jumps most in over 4 months on strong H2 outlook

Viva Leisure

11/08/2022 02:17

** Shares of Viva Leisure  VVA.AX  jump as much as 10.4% to
A$1.275, their biggest intraday pct gain since March 25 
    ** The health club operator says H2 revenue is expected to
exceed guidance of between A$54 mln and A$56 mln ($38.21 mln and
$39.63 mln)  urn:newsml:reuters.com:*:nASX5YVLQn
    ** Says H2 margin is tracking toward upper end of previous
guidance of between 15% and 17%
    ** "Our H2 FY22 revenue will exceed guidance thanks to our
momentum continuing to increase during May and June as most
metrics beat pre-COVID level" - CEO Harry Konstantinou
    ** Stock hits highest level since July 7
    ** More than 44,000 shares change hands, vs the 30-day
average volume of ~37,000 shares
    ** Stock down 47.5% this year as of last close
    

($1 = 1.4132 Australian dollars)

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))