Loyalty NZ, Fly Buys operator, posts 3 percent profit growth in record year for redemptions

Wed, 09 Oct 2013

By Jonathan Underhill Oct. 10 (BusinessDesk) – Loyalty New Zealand, which operates the Fly Buys loyalty programme used by 53 companies, reported a 3 percent increase in profit growth last year, a period in which it had record redemptions of loyalty points. Profit was $1.66 million in the 12 months ended March 31, from $1.62 million a year earlier, according to the Wellington-based company’s financial statements. Total revenue was little changed at $82.7 million. Loyalty New Zealand, which began the Fly Buys programme in 1996, charges its pa...

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