Loyalty firm rewarded with €4.3m profit

PRE-TAX profits at Clare-based customer loyalty rewards firm, Loyaltybuild Ltd, increased by 27.5% last year to €4.3 million.

The US-owned company secured the increase after revenues rose 3% from €9.5m to €9.8m in the 12 months to the end of December.

In 2008, three Co Clare businessmen that co-owned the firm sold Loyaltybuild to US group Affinion for €25m.