Olympia capital holding limited has recorded a net profit of ksh 17,496,000 for the financial year ended 28th February 2022. This is compared to a net loss of KSh 1,113,000 at the end of a similar period in 2021. Olympia, listed firm, however, posted a decline in revenue to KSh 430.6m from KSh 474.9m during the period under consideration.
Olympia Capital also recorded a decline in Gross Profit to KSh 127.9m as at February 2022 compared to KSh 153.1m at the end of February 2021. The firm increased its operating profit from KSh 13.9 m in February 2021 to KSh 30.3m in February 2022.
The listed firm cut down on its operating expenses and finance costs, which pushed up its pre-tax profit from KSh 6.5m in February 2021 to KSh 27.5m at the end of February 2022.
The firm’s profitability, measured by Earnings per Share(EPS), improved from negative (KSh 0.14) in February 2021 to KSh 0.28 in February 2022, while profit attributable to owners of the firm rose from (KSh 5.6m) to KSh 11.1m during the period under review.
Total Comprehensive Income increased from KSh 27.8m in 2021 to KSh 34.6m at the close of financial year ended 28th February 2022.
The listed firm posted an increase in its balance sheet size from KSh 1,468,738,000 in 2021 to KSh 1,486,816,000 at the end of February 2022.
Olympia Capital Holdings Limited is listed on the Nairobi Securities Exchange and has companies dealing in construction industry materials, cleaning chemicals, fire prevention equipment, real estate and water pumps.
Olympia Capital Holdings closed its last trading day yesterday at KSh 2.10 per share at the NSE, a 5% decline from its previous closing price of KSh 2.21.
Olympia Capital shares were trading at KSh2.00 each at the beginning of the year and has since gained 5% on that price valuation, ranking it 10th on the NSE in terms of year-to-date performance.
SOURCES: THE KENYA WALL STREET
