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Aimia Inc. ( (TSE:AIM) ) has provided an announcement.
Aimia Inc. reported strong financial results for the fourth quarter and full year 2024, achieving its guidance for the fiscal year. The company saw a significant increase in revenue and adjusted EBITDA, driven by improved performance from its core holdings, Bozzetto and Cortland, and strategic acquisitions like StarChem. Despite a net loss due to non-cash expenses, Aimia completed several initiatives to enhance shareholder value, including a cooperation agreement with its largest shareholder, Mithaq, and a Substantial Issuer Bid. These efforts are expected to sustain momentum into 2025, with projected growth in adjusted EBITDA.
More about Aimia Inc.
Aimia Inc. is a company listed on the Toronto Stock Exchange under the symbol AIM. It operates in the investment management industry, focusing on acquiring and managing a diverse portfolio of businesses. The company’s primary services include investment management and strategic asset allocation, with a market focus on enhancing shareholder value through strategic acquisitions and operational improvements.
YTD Price Performance: -7.04%
Average Trading Volume: 28,243
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$238.4M
Find detailed analytics on AIM stock on TipRanks’ Stock Analysis page.
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