Olympia Financial Group Inc. - Third Quarter Earnings from Operations Increases 7%
22 Novembre 2011 - 12:00AM
PR Newswire (Canada)
CALGARY, Nov. 21, 2011 /CNW/ - Olympia Financial Group Inc. today
announced its operating and financial results for the three month
period ended September 30, 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 three month period ended September 30, 2011
include the following: -- total revenue increased 16%, to $9.42
million from $8.09 million, compared to the same quarter of the
previous year; -- earnings before income tax increased 16%, to
$1.97 million from $1.70 million, compared to the same quarter of
the previous year; -- earnings from operations (after tax and
interest) increased 7%, to $1.30 million from $1.21 million,
compared to the same quarter of the previous year; and -- interest
income increased 17%, to $0.98 million from $0.84 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.
Olympia Financial Group Inc. CONTACT: contact Rick Skauge,
President, at (403) 261-7501,e-mail ricks@olympiatrust.com or visit
the website www.olympiatrust.com
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