Olympia Announces First Quarter Results

CALGARY, May 29, 2013 /CNW/ - Olympia Financial Group Inc. (TSXV: OLY) today announced its operating and financial results for the three month period ended March 31, 2013.

The unaudited condensed interim financial statements and notes, as well as management's discussion and analysis, are now available on SEDAR (www.sedar.com).

Highlights for the three month period ended March 31, 2013 include the following:

  • total revenue increased 15%, to $11.92 million from $10.40 million, compared to the same quarter of the previous year;
  • earnings from operations (before income tax and interest) increased 57%, to $1.32 million from $0.84 million, compared to the same quarter of the previous year;
  • earnings before income taxes (including earnings from operations and interest) increased 44%, to $2.45 million from $1.70 million, compared to the same quarter of the previous year; and
  • total interest increased 21%, to $1.20 million from $0.99 million, compared to the same quarter of the previous year.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

SOURCE: Olympia Financial Group Inc.

For further information:

Rick Skauge, President, at (403) 261-7501, e-mail ricks@olympiatrust.com or visit the website www.olympiatrust.com.

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Olympia Financial Group Inc.

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