ORE
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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 Produced by the JSE SENS Department.
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