AIM: Earnings rebounded on Bozzetto sale, with strong cash growth and ongoing cost discipline
Aimia Inc. (AIM) reported net earnings of $33.3 million versus a $6.1 million loss a year earlier, citing a $270 million Bozzetto sale and favorable FX. Revenue and Adjusted EBITDA declined, while cash reserves increased sharply. The company said it will continue capital allocation and cost control, including progress on the Cortland turnaround.
