The Gym (GB:GYM) has released an update.
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The Gym Group plc reports a robust H1 2024 with a 12% revenue increase to £112.1m and a surge in membership to 905,000, alongside an improved average revenue per member. The company has expanded its footprint by opening four new gyms and is on track with its expansion strategy to open 10-12 gyms by year-end. The Gym Group’s financial position is strengthened by a new refinancing arrangement and anticipates year-end results to exceed market expectations.
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