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Olympia Capital HY 2018/19
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Superprime1
#1 Posted : Thursday, October 25, 2018 2:29:54 PM
Rank: Member


Joined: 5/2/2018
Posts: 267
Olympia Capital Holdings has posted a 69.8% jump in after-tax profit to Sh14.81 million for the half-year ended August 31st, from Sh8.72m in a similar period a year ago.

Revenues rose 10% to Sh250.81m, helping grow the operating profit to Sh22.73m, a 52.8% jump from Sh14.88m in H1 2017/18.

Finance costs dropped by 19.9% to Sh2.21m in the six months.
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VituVingiSana
#2 Posted : Thursday, October 25, 2018 4:27:38 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Superprime1 wrote:
Olympia Capital Holdings has posted a 69.8% jump in after-tax profit to Sh14.81 million for the half-year ended August 31st, from Sh8.72m in a similar period a year ago.

Revenues rose 10% to Sh250.81m, helping grow the operating profit to Sh22.73m, a 52.8% jump from Sh14.88m in H1 2017/18.

Finance costs dropped by 19.9% to Sh2.21m in the six months.

Same MO year in, year out. 1H will be shown as "good" and then 2H will be "poor" ... I do not trust the guy running Olympia. Too many scams.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Pesa Nane
#3 Posted : Thursday, October 25, 2018 9:24:46 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
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Angelica _ann
#4 Posted : Friday, October 26, 2018 11:00:25 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
People being sucked in on this unaudited half year financial results. Sad Sad Sad
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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nashx
#5 Posted : Friday, October 26, 2018 12:43:56 PM
Rank: Member


Joined: 2/28/2014
Posts: 188
Location: Nairobi
Although to be honest its working capital is worth 5 bob and that's assuming 50% of the debtors and inventory is not recoverable
Offering my personal finance knowledge for free
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