Excellent results today - the company's weaker half.

With H1 being their traditionally weaker half - record profits:

Turnover up 27% to #38.4 million (2003: #30.3 million)

* Like-for-like sales increased by 5%

* EBITDA up 21% to #8.6 million (2003: #7.1 million)

* Profit before tax up 34% to #3.7 million (2003: #2.8 million)

* Basic earnings per share up 42% to 6.1p (2003: 4.3p)

* Interim dividend up 20% to 0.53p (2003: 0.44p)

* Membership up 36% to 196,900 (Jan 2003: 145,000)

Peter Jacobs, Chairman of LA Fitness plc, said:

"We have continued to make good progress in all areas of the business and report
record first half turnover and profit.



42% earnings growth on a PE of about 12 for this year.

Debt down despite opening 11 clubs.

Set to beat expectations - forward PE less than 10 imo.

These were 490p a share in 99 and were not making this much profit.

CR