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Olympia Holdings of Kenya Posts First-Half Loss on South African Business

Olympia Capital Holdings Ltd., a Kenyan maker of building materials, posted a first-half loss of 2.83 million shillings ($35,286) because of losses at its South African businesses.

Revenue in the six months through August was 381.4 million shillings, the Nairobi-based company said in a statement to the city’s stock exchange today. It didn’t provide comparative figures for the same period a year earlier.

“Following the pickup in sales in the second half in South Africa, we are confident that in the full year, the loss will cease to exist,” it said.

To contact the editor responsible for this story: Paul Richardson at pmrichardson@bloomberg.net

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