ORE
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ORE - Orion Real Estate - 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 earnings per share has
decreased by approximately 97% for the year ending 31 December 2009. The
decrease was due to the fact that the property values have stabilised after the
transfer of the Gmeiner properties and no further adjustments to the property
values were required. However, due to increased rentals and recoveries from the
larger portfolio there will be an expected improvement of more than 10% on the
prior year headline earnings per share.
Johannesburg
16 March 2010
Designated Advisor
Arcay Moela Sponsors (Proprietary) Limited
(Registration number 2006/033725/07)
Date: 16/03/2010 16:12:05 Produced by the JSE SENS Department.
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