Olympia Capital of Kenya Returns to Full-Year Profit After Cutting Costs

Olympia Capital Holdings Ltd. (DNKN), a Kenyan maker of building materials, said it returned to profit last fiscal year after cutting costs.

Net income totaled 35.1 million shillings ($389,783) in the 12 months through February, compared with a loss of 14.6 million shillings a year earlier, the Nairobi-based company said in a statement e-mailed by the city’s stock exchange today. Revenue grew 7.8 percent to 666.6 million shillings, while finance costs dropped 41 percent to 12.4 million shillings, it said.

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

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.