Olympia Announces Second Quarter Results

CALGARY, Aug. 27, 2012 /CNW/ - Olympia Financial Group Inc. (TSXV: OLY) today announced its operating and financial results for the three month period ended June 30, 2012.

The unaudited condensed interim financial statements and notes, as well as management's discussion and analysis, are now available on SEDAR (www.sedar.com).

Notables for the three month period ended June 30, 2012 include the following:

• total revenue increased 2%, to $10.32 million from $10.10 million, compared to the same quarter of the previous year;
• earnings from operations (before income tax) decreased 17%, to $1.87 million from $2.25 million, compared to the same quarter of the previous year;
• earnings before income tax decreased 13%, to $1.99 million from $2.28 million, compared to the same quarter of the previous year; and
• total interest of $1.33 million remained unchanged, 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.

SOURCE: Olympia Financial Group Inc.

Rick Skauge, President, at [phone], e-mail [email protected] or visit the website www.olympiatrust.com.