Ethos posts upbeat earnings
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Ethos Capital says its portfolio has recovered. The private equity group has stated that most of its investees have returned to profit levels in excess of their pre-Covid-19 levels and this has helped the group report a 27% increase in its annual basic net asset value per share. But Ethos has highlighted Virgin Active as a standout underperformer with the health club chain still not at pre-pandemic levels due to slow membership recovery in the wake of lockdowns restrictions. To unpack this Business Day TV spoke to Peter Hayward-Butt, CEO of Ethos.