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ORE - Orion Real Estate Limited - Trading Update

Release Date: 23/03/2012 13:02
Code(s): ORE
Wrap Text

ORE - Orion Real Estate Limited - Trading Update ORION REAL ESTATE LIMITED Incorporated in the Republic of South Africa) (Registration number: 1997/021085/06) Share Code: ORE ISIN: ZAE000075651 ("Orion Real Estate" or "the company") TRADING UPDATE In terms of paragraph 3.4(b)(i) of the Listings Requirements of the JSE Limited, listed companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the next period to be reported on will be more than 20% different from those of the previous corresponding period or from a profit forecast previously provided to the market in relation to such period. The board would like to advise shareholders that the basic earnings have decreased from 0.31 cents per linked unit to approximately (0.00) cents per linked unit for the year ending 31 December 2011. The expected headline earnings have also decreased from 0.31 cent per linked unit to approximately (0.00) cent per linked unit. Although an improvement in income generated materialized the improvement was eroded by higher levels of expenditure and the provision for debenture revaluation. The financial information, on which this trading statement is based, has not been reviewed by the company`s auditors. Johannesburg 23 March 2012 Designated Advisor Arcay Moela Sponsors (Proprietary) Limited (Registration number 2006/033725/07) Date: 23/03/2012 13:02:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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