Skip to main content
//empty //empty

Aimia Inc. says it earned $14.4 million in its latest quarter, down from $43.5 million in the same quarter last year.

The Montreal-based company says the profit amounted to 12 cents per share for the quarter ended June 30 compared with a profit of 29 cents per share a year ago.

Aimia’s profit from continuing operations totalled $6.1 million or three cents per share for the quarter, down from $34.7 million or 22 cents per share in the same quarter a year ago.

Story continues below advertisement

Aimia has been working to reinvent itself since it sold its flagship Aeroplan program to Air Canada last year.

The Montreal-based company acquired a 10.85 per cent stake in Clear Media Ltd., one of China’s largest outdoor advertising firms, earlier this year.

The investment followed a decision to spin off its loyalty points business in a deal that saw it obtain a 49.3 stake per cent stake in Kognitiv.

Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening. Sign up today.

Report an error
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed.

Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies