Kenya’s investment firm, Olympia Capital recently released its half-year financial results. It reported a 10% decline in earnings to KSh 13.1 million from KSh 14.8 million. It had a revenue of KSh 197 million which was a decline from the previous year which reported a revenue of KSh 250.8 million.
The main source of revenue for the company is its manufacturing business that involves the production of vinyl floor tiles, aluminium, PVC windows and cleaning chemicals. Other sources of revenue include; provision of selling and servicing office equipment and water pumps, mechanical engineering services and property development and letting.
Profits from operations decreased from KSh 22.7 million in the first half of the previous year to KSh 19.8 million. There was a 13% decrease in the total equity from KSh 956.4 million in the previous year to KSh 832.7 million. The earnings per share also dipped by 11% from 0.23 in the previous year to 0.21. Olympia board of directors did not recommend payment of interim dividend.
Olympia Capital formerly known as Dunlop Kenya, is a holding company for six operating firms that operate in Kenya, Botswana and South Africa. Olympia’s main investments are in companies dealing with the manufacture and sale of products used in the construction industry and they also deal with real estate.
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