Aimia on Tuesday reported a loss for its latest quarter, compared with a profit a year earlier, when its results were boosted by the sale of its stake in the PLM loyalty program. (Photo: Courtesy)
Aimia on Tuesday reported a loss for its latest quarter, compared with a profit a year earlier, when its results were boosted by the sale of its stake in the PLM loyalty program.
The investment holding company reported a net loss attributable to shareholders of $27.8 million, or 37 cents per share, for the quarter ended Sept. 30. By comparison, Aimia had posted a profit of $517.5 million, or $5.89 per share, thanks largely to a one-time gain of $530.6 million.
Sales totaled $114.3 million, compared to $300,000 in the same period last year.
Earnings before interest, taxes, depreciation and amortization reached $9.7 million in the most recent quarter, after reporting a comparable loss of $7.5 million in the third quarter of last year.
Aimia last month recommended that its shareholders reject a takeover offer from Mithaq Capital SPC because it failed to recognize the full value of the business and failed to take into account some of the growth potential the company was seeking.
Mithaq, already Aimia’s largest shareholder, offered $3.66 per share in cash for the stake in Aimia that the company does not already own.
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