MONTREAL — Aimia Inc. (TSX:AIM) is reporting a $21.5-million profit for the first quarter and 8.4 per cent higher total revenue compared with the same time last year.
The profit amounted to 10 cents per common share, with $660.1 million in revenue from Aimia’s various customer-loyalty programs, which include Aeroplan in Canada and Nectar in the United Kingdom and Italy.
Aimia says that the revenue growth was boosted by changes in the value of the dollar and would have been up only 7.3 per cent on a constant-currency basis.
A year earlier, Montreal-based Aimia had a $17.3-million loss or 13 cents per share with $608.9 million of revenue.
Among Aimia’s partners are Air Canada (TSX:AC), TD Bank (TSX:TD) and CIBC (TSX:CM), which are part of the Aeroplan loyalty program.