Download App

Log in to access Online Inquiry

Aimia Swings to Q3 Earnings Year over Year

MT Newswires ·  {{timeTz}}

09:35 AM EST, 11/11/2021 (MT Newswires) -- Aimia Inc. (AIM.TO), a holding company focused on long-term investments, said Thursday that it swung to third-quarter net earnings of $3.5 million, or nil per share, from a year-ago net loss of $10.8 million, or $0.15 per share, beating the forecast loss of $0.07 per share.

Income from continuing operations improved to $7.0 million from a loss of $1.1 million last year while expenses fell to $3.1 million from $8.8 million.

The board declared quarterly dividends of $0.300125 per series 1 preferred share and $0.375688 per series 3 preferred share, payable Dec. 31 to shareholders of record Nov. 18.

Aimia's investments include stakes in PLM Premier, S.A.P.I. de C.V., owner of Club Premier that operates the Aeromexico Frequent Flyer program, advertising firm Clear Media Ltd. and B2b technology company Kognitiv.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal.

Moomoo is a financial information and trading app offered by Moomoo Techonologies Inc.

In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).

In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. ("Moomoo Financial SG") regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial SG is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.

In Australia, financial products and services available through the moomoo app are provided by Futu Securities (Australia) Ltd, an Australian Financial Services Licensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC). Please read and understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other disclosure documents which are available on our websites and Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd. and Futu Securities (Australia) Ltd are affiliated companies.