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Olympia Financial Group Inc. Quarterly Earnings from Operations

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CALGARY, Nov. 22 /CNW/ - Olympia Financial Group Inc. (TSXV: OLY) is pleased to announce its operating and financial results for the third quarter ended September 30, 2010. The unaudited financial statements and notes, as well as management's discussion and analysis, are now available on SEDAR ([ www.sedar.com ]).

Highlights for the third quarter ended September 30, 2010 include the following:

  • earnings from operations increased 37%, to $1.71 million from $1.25 million, compared to the same quarter of the previous year;
  • total revenue increased 20%, to $8.37 million from $6.97 million, compared to the same quarter of the previous year; and
  • interest income increased 460%, to $0.84 million from $0.15 million, compared to the same quarter of the previous year.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.