Basic Fit reports increases in earnings and fitness clubsFriday, 11 August 2017 19:11
The company’s management expects the growth to continue in the coming years, with dozens of new clubs scheduled to be opened in the next few months. This growth is expected to be highest in France, where the group is aiming at a total of 600 fitness halls. The other four countries are also expected to register increases, but the growth will be slower than in France.
Basic Fit’s earnings went up by 25% in the first half of the year compared to the same period of 2016, amounting to 156 million euros. Gross operating profit increased by 23% to 45.5 million euros and the company hopes the increase in the number of its fitness halls will result in higher profits in the second half of the year.
Basic-Fit had suffered a net loss of 26 million euros in 2016, mostly because of the cost of its initial public offering in June of that year. The company has already registered 2.2 million euros in profits this year.
The Brussels Times
The number of requests for Belgian nationality has dropped dramatically.
The Flemish government has adopted a decree that would ban fur-farming and force-feeding (“gavage”, the technique used to produce foie…
The Belgian Federation for Fuel Negotiators (Brafco) disapproves of the Flemish government’s decision to ban the sale of oil heaters…
On Sunday, the Foreign Affairs Office confirmed a Belgian man drowned in Lake Balaton in Hungary on Friday.