Olympia Financial Group Inc. Announces Third Quarter 2024 Results
Olympia Financial Group Inc. Announces Third Quarter 2024 Results . (MENAFN - Newsfile Corp) 
Calgary, Alberta--(Newsfile Corp. - November 14, 2024) - Olympia Financial Group Inc. (TSX: OLY) ("Olympia") today announces its operating and financial results for the ...
América - MenaFN
(MENAFN- Newsfile Corp) Calgary, Alberta--(Newsfile Corp. - November 14, 2024) - Olympia Group (TSX: OLY) ("Olympia") today announces its operating and financial results for the period ended September 30, 2024.

Results from operations for the nine months ended September 30, 2024, include the following (compared to operations for the nine months ended September 30, 2023):



Total net and comprehensive income increased 3% to $17.91 million from $17.41 million.

Total revenue increased 3% to $76.87 million from $74.33 million, mainly due to an increase in trust income.

Service revenue decreased 1% to $35.53 million from $35.98 million, mainly due to the decrease in trading volumes in the CGP division.

Trust, interest, and other income increased 8% to $41.34 million from $38.35 million, due to higher interest rates on trust fund placements.

Direct and administrative expenses (excluding depreciation and amortization) increased 6% to $51.19 million from $48.52 million, mainly due to an increase in computer licensing and wages. Basic and diluted earnings per share attributable to shareholders of Olympia increased 3% to $7.44 per share from $7.24 per share.

Results from operations for the three months ended September 30, 2024, include the following (compared to operations for the three months ended September 30, 2023):



Total net earnings and comprehensive income increased 1% to $6.28 million from $6.22 million.

Total revenue decreased 1% to $25.19 million from $25.45 million.

Service revenue decreased 5% to $11.50 million from $12.07 million, mainly due to the decrease in trading volumes in the CGP division.

Trust, interest, and other income increased 2% to $13.69 million from $13.39 million, due to higher interest rates on trust fund placements.

Direct and administrative expenses (excluding depreciation and amortization) increased 1% to $16.63 million from $16.49 million. Basic and diluted earnings per share attributable to shareholders of Olympia increased 1% to $2.61 per share from $2.58 per share.

The unaudited condensed interim financial statements and notes, as well as management's discussion and analysis, are now available on SEDAR ( ). Both historical and current information on Olympia's stock, financials, press releases, governance, and more can now be found at .

About Olympia Financial Group Inc.

Olympia Financial Group Inc. ("OFGI") conducts most of its operations through its subsidiary Olympia Trust Company, a non-deposit taking trust company. Olympia Trust Company is licensed to conduct trust activities in Alberta, British Columbia, Saskatchewan, Manitoba, Quebec, Newfoundland and Labrador, Prince Edward Island, New Brunswick, and Nova Scotia. Olympia Trust Company administers self-directed registered plan accounts, corporate trust, and transfer agency services. OFGI also provides currency exchange and global payment services through its subsidiary Olympia Currency and Global Payments Inc., and offers private health services plans and information technology services to exempt market dealers, registrants, and issuers through its subsidiary Olympia Benefits Inc.

Olympia's common shares are listed on the Toronto Stock Exchange under the symbol "OLY".

For further information, please contact:
Jordania
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https://menafn.com/1108888435/Olympia-Financial-Group-Inc-Announces-Third-Quarter-2024-Results
2024-11-14
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(MENAFN - Newsfile Corp) 
Calgary, Alberta--(Newsfile Corp. - November 14, 2024) - Olympia Financial Group Inc. (TSX: OLY) ("Olympia") today announces its operating and financial results for the ...
Olympia Financial Group Inc. Announces Third Quarter 2024 Results