Loyalty NZ full-year sales climb 6.6% on demand for Fly Buys, costs erode profit

Wed, 02 Sep 2015

By Jonathan Underhill Sept. 2 (BusinessDesk) - Loyalty New Zealand, which operates the Fly Buys loyalty programme used by companies including Air New Zealand, Z Energy and Contact Energy, posted a 6.6 percent gain in full-year sales, while profit was reduced by investment to drive growth. Profit was $830,000 in the year ended March 31, from a record $2.7 million a year earlier, according to the Wellington-based company's annual report. Revenue rose to $91 million from $85.4 million. Loyalty NZ is a quarter owned by each of Z Energy, BN...

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