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ORION REAL ESTATE LIMITED - Trading Statement

Release Date: 25/09/2014 16:00
Code(s): ORE     PDF:  
Wrap Text
Trading Statement

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 STATEMENT

In   terms   of   paragraph  3.4(b)(i)   of  the   Listings
Requirements of the Johannesburg Stock Exchange, 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
headline and diluted headline earnings per linked unit have
increased from 0.30 cents for the year ended 30 June 2013
to approximately 0.62 cents for the year ended 30 June
2014. The increase was mainly due to the increase in the
property revenue as a result of the annual property
escalation, improved occupancies and a better recovery of
utilities.

Johannesburg
25 September 2014

Sponsor
Arcay Moela Sponsors Proprietary Limited
(Trading as Arbor Capital Sponsors)
(Registration number 2006/033725/07)

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