CityFitness posts profit in 2016 despite personal training earnings falling

Tue, 10 Jan 2017

By Rebecca Howard Jan. 11 (BusinessDesk) - Cityfitness Group, a unit of Canada’s #1 Nautilus Fitness & Racquets Centres Group, reported a lift in net profit in the year to March 2016, turning around the prior year’s loss. The company, which operates 26 gyms across New Zealand, said its net profit for the year was $557,000 versus a loss of $3.9 million in the prior year. Revenue dipped to $30.9 million from $33 million in the prior year on a slide in personal training fees. Operating expenses fell to $28.7 million from $34.7 million in...

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