BRAIT, the Luxembourg- and JSE-listed investment company, said Virgin Active’s implied earnings before interest, tax, depreciation and amortisation (Ebitda) increased to £55 million (R1.3 billion) at February 29, 2024, from £30m for the six months to September 30, 2023. Brait, which has said it might list Virgin Active, said in a trading statement yesterday the operational and financial turnaround of Virgin Active continued during the period. Brait’s share price slipped 9.09% yester-day to R1.20 on the JSE, well down from R3.81 a year previously. Virgin Active’s international business benefited from strong membership growth and higher yields given price increases during the period. Virgin Active SA increased its active membership base from 606 000 as at September 30, 2023, to 625 000 as at February 29,…