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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 per linked unit have decreased from 7.65 cents to
approximately 4.80 cents for the year ended 30 June 2013.
The decrease was mainly due to a smaller adjustment in the
fair value of properties compared with the previous year.
Current market conditions necessitated this more
conservative approach. Total comprehensive income for the
period is expected to decrease from a profit of R 47.9
million to a profit of approximately R 30.1 million due to
the smaller adjustment in property values. The headline
earnings per linked unit is expected to improve from 0.07
cent to approximately 0.47 cent due to improved trading
results.
The financial information on which this trading statement
is based has not been reviewed or audited by the company’s
auditors.
Johannesburg
09 September 2013
Designated Advisor
Arcay Moela Sponsors (Proprietary) Limited
(Registration number 2006/033725/07)
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