(Toronto) Aimia posted a loss on Tuesday for its most recent quarter, compared to a profit a year earlier, when its results were inflated by the sale of its stake in the PLM loyalty program.
The investment holding company posted a net loss attributable to shareholders of 27.8 million, or 37 cents per share, for the quarter ended September 30. By comparison, Aimia had a profit of $517.5 million, or $5.89 per share, thanks in part to a one-time gain of $530.6 million.
Revenues totaled $114.3 million, up from $300,000 in the same period last year.
Earnings before interest, taxes, depreciation and amortization reached 9.7 million in the most recent quarter, following the publication of a comparable loss of 7.5 million for the third quarter of last year.
Aimia recommended that its shareholders last month reject a takeover offer from Mithaq Capital SPC, saying it did not recognize the full value of the company and did not take into account some of the potential of growth coveted by the company.
Mithaq, already Aimia’s largest shareholder, offered cash of $3.66 per share for the stake in Aimia that it does not already own.
Company in this news report: (TSX: AIM)
