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 participating partner companies for the....