Olympia Financial Group Inc. Highest Quarterly Earnings from Operations

CALGARY, Aug. 30 /CNW/ - Olympia Financial Group Inc. (TSXV: OLY) is pleased to announce its operating and financial results for the second quarter ended June 30, 2010. The unaudited financial statements and notes, as well as management’s discussion and analysis, are now available on SEDAR (www.sedar.com).

Highlights for the second quarter ended June 30, 2010 include the following:

  • earnings from operations increased 213%, to $2.29 million from $0.73 million, compared to the same quarter of the previous year;
  • total revenue increased 40%, to $9.50 million from $6.81 million, compared to the same quarter of the previous year;
  • interest income increased 196%, to $0.71 million from $0.24 million, compared to the same quarter of the previous year; and
  • quarterly dividends increased to $0.50 per share from $0.45 per share effective January 31, 2010.

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: 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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