Australia's Viva Leisure jumps on $3.41 mln buy of regional health chain

Viva Leisure

08/04/2024 02:17

** Shares of Viva Leisure  VVA.AX  rise as much as 1.7% to
A$1.470, set for best day since March 5, if gains hold     
    ** Health club operator says it bought a regional health
chain iFitness 24/7 for A$5.2 million ($3.41 million)
    ** iFitness expected to contribute A$1.5 million in EBITDA
and A$4.4 million in revenue in FY2025, co says
    ** Stock down 5.3% YTD, as of last close

($1 = 1.5244 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))