Olympia Financial Group Inc. Announces Q1, 2011 Results

CALGARY, May 20, 2011 /CNW/ - Olympia Financial Group Inc. (TSXV: OLY) announced its operating and financial results for the period ended March 31, 2011. The unaudited, interim financial statements and notes, as well as management's discussion and analysis, are now available on SEDAR (www.sedar.com).

Highlights for the period ended March 31, 2011 include the following:

  • total revenue increased 2%, to $9.50 million from $9.27 million, compared to the same quarter of the previous year;
  • earnings before income tax decreased 8%, to $2.1 million from $2.29 million, compared to the same quarter of the previous year;
  • earnings from continuing operations (after tax and interest) decreased 10%, to $1.47 million from $1.63 million, compared to the same quarter of the previous year; and
  • interest income increased 73%, to $0.93 million from $0.54 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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