The Sports Club Co. Revenue Up


Los Angeles — The Sports Club Co., Los Angeles, had a 4.1 percent increase in its second quarter revenue, according to a statement from the company. The company's second quarter 2008 revenue was $16.4 million compared to $15.7 million for the second quarter of last year.

The company had a net loss, before preferred stock dividends, of $969,000, which included a one-time charge of $1.1 million for the impairment of certain real estate holdings that were being leased to an outside third party. Without that one-time charge, the company would have had net income, before preferred stock dividends, of $154,000.

For the first six months of the year, The Sports Club Co. had revenues of $32.3 million compared to $30.7 million for the first six months of last year, an increase of 5.2 percent.


By the year 2048, 100 percent of U.S. adults could be classified as overweight or obese, according to the National Health and Nutrition Examination Study, which made the projection based on weight trends from the 1970s through 2004.
Source: National Center for Health Statistics

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