Viva Leisure (ASX:VVA) experienced a significant increase in shares, surging as much as 3.9% to A$1.35, a five-month high since the 7th of March.

The fitness and health club proprietor reported a net profit of A$3.4 million for the fiscal year, a stark contrast to last year’s recorded A$12.1 million loss.

Alongside that, the company has reported a significant revenue hike of 55.4%, resulting in A$141.2 million.

A noticeable increase in exchanged shares was also recorded, with more than 1.1 million shares transferred - an amount that’s 24.3 times the 30-day average of 46,872 shares.

Viva Leisure (ASX:VVA) stocks have reflected solid annual performance, showing an 18.7% year to date increase as of the last market close.

Viva Leisure (ASX:VVA) is a health club owner passionate about delivering the best fitness and wellness experience.