PureGym said it has managed to avoid the worst of the cost-of-living crisis, adding to its profit while still being able to attract new members.
PureGym's location in London Streatham. Credit: James McCauley.
It is an 11% increase and takes total membership numbers to a little under 1.9 million, the company said on Thursday.It helped operating profit rise by 43% in the period to £40 million, on revenue of £272 million, up 17%. Chief executive Humphrey Cobbold said: “Whilst we had hoped that operating conditions following the pandemic would be easier, the reality is that the business environment has remained very difficult on multiple dimensions.
He added: “Demand for our low-cost, flexible gym memberships remains strong and I am particularly pleased with the join-up rates at our new sites – we have opened 92 corporate-owned sites since the end of the last Covid lockdown period in April 2021.
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