Costs hit results for Gym Group

Profits at The Gym Group took a knock in the first half of the year as the fitness chain was hit by acquisition costs.

The no-frills firm saw pre-tax profits fall 14 per cent to £5.1 million in the six months to 30 June as its deal to buy easygym resulted in a £1m exceptional charge. However, stripping out the costs, adjusted pre-tax profit came in at £7m, up 8.4 per cent. Revenue rose 36.1 per cent to £58.3m.