Olympia Capital Holdings Limited is a Kenya-based investment holding company.
The Company’s main investments are in companies dealing in the manufacture and sale of products used in construction industry, such as floor tiles, adhesives, unplasticized polyvinyl chloride (u-PVC), windows and door frames, cleaning chemicals, as well as fire prevention equipment, water pumps and real estate.
Its subsidiaries include Avon Rubber Company (Kenya) Limited, Olympia Capital Corporation (Pty) Limited, Mather and Platt (Kenya) Limited and Olympia Capital Corporation Limited.
The Company, through Olympia Capital Corporation (Pty) Limited, holds interest in Kalahari Floor Tiles (Pty) Limited, which in turn holds Gaborone Enterprises Limited, all of which are domiciled in Botswana.
Gaborone Enterprises (Pty) Limited has investment property generating rental income.
Full Year 2016 Results
Olympia Capital full year results for the year ending 29 February 2016 proved to be better in terms of cost efficiency than the previous financial year.
Olympia Capital’s revenues were up slightly by 1.9% to KES 528.3 Million. Other operating income increased by 79.2% to KES 29.7 Million this was contributed by an interest income of KES 15.1 Million.
Finance costs dropped by 32.8% to KES 15.8 Million from KES 23.6 Million in the previous period, which demonstrates a good signal.
Profits before tax stood at KES 27.3 Million compared to the previous period’s mere KES 1.5 Million.
Earnings per share stood at KES 0.26 vs (1.04)
Share Price
On Wednesday, Olympia Capital closed at 3.15, 5.00% above its 52-week low of 3.00, set on Jun 21, 2016. (See 1 Yr FT Chart below)
Download Olympia Capital Holdings Ltd- AuditedFinancial Statements for the Period Ended 29 February 2016.pdf
Sources: (Kenyan Wall Street, FT)
