Olympia Financial ( (TSE:OLY) ) has shared an announcement.
Olympia Financial Group Inc. reported its 2024 annual financial results, showing a slight decrease in net earnings and comprehensive income to $23.92 million, despite a 3% increase in total revenue to $102.92 million, driven by higher trust income. The company faced a decrease in service revenue and other gains, while direct and administrative expenses rose due to increased salaries and maintenance costs. The results indicate stable financial performance with minor fluctuations in revenue streams and expenses, reflecting the company’s resilience in maintaining its market position.
More about Olympia Financial
Olympia Financial Group Inc. operates primarily through its subsidiary, Olympia Trust Company, a non-deposit taking trust company licensed in multiple Canadian provinces. It administers self-directed registered plan accounts, corporate trust, and transfer agency services. Additionally, Olympia provides currency exchange and global payment services through Olympia Currency and Global Payments Inc., and offers private health services plans and IT services through Olympia Benefits Inc. Olympia’s shares are listed on the Toronto Stock Exchange under the symbol ‘OLY’.
YTD Price Performance: 2.67%
Average Trading Volume: 1,871
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: C$263.1M
Learn more about OLY stock on TipRanks’ Stock Analysis page.