Viva Leisure gains on acquiring stake in World Gym Australia

Viva Leisure

10/12/2024 24:36

** Shares of Viva Leisure  VVA.AX  rise as much as 4.5% to
A$1.390, their biggest intraday pct gain since Nov. 26
** Health club operator acquires 25% equity stake in World Gym
Australia and 100% stake in three of its locations in Queensland
for a total of A$16.7 million ($10.7 million)
    ** Says it expects FY24 actual revenue of A$163.6 mln after
completion of acquisition; it previously forecast FY24 revenue
of A$162 mln to A$164 mln
    ** Including session's gains, VVA down 10.2% YTD as of 1225
GMT
     
    ($1 = 1.5547 Australian dollars)

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