This archive report was first published on 31 October 2019.
On October 31, 2019, Olympia Capital, a leading investment firm in Kenya, released its half-year financial results, revealing a 10% decline in earnings to KSh 13.1 million from KSh 14.8 million.
The company's revenue stood at KSh 197 million, a decline from the previous year's KSh 250.8 million. Olympia Capital's main source of revenue comes from its manufacturing business, which involves the production of vinyl floor tiles, aluminium, PVC windows, and cleaning chemicals.
Profits from operations decreased to KSh 19.8 million, down from KSh 22.7 million in the first half of the previous year. The total equity also dipped by 13% to KSh 832.7 million from KSh 956.4 million. The earnings per share decreased by 11% to 0.21 from 0.23 in the previous year.
Notably, the Olympia board of directors did not recommend payment of an interim dividend. The company, formerly known as Dunlop Kenya, operates in Kenya, Botswana, and South Africa, with its main investments in companies dealing with the manufacture and sale of products used in the construction industry, as well as real estate.
Key highlights from the results include:
- Revenue: KSh 197 million
- Profit from operations: KSh 19.8 million
- Total equity: KSh 832.7 million
- Earnings per share: 0.21
