ORION REAL ESTATE LIMITED - Revised Trading Updated
ORE 201209280076A
Revised Trading Updated
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”)
REVISED 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 expected headline earnings per linked unit reported on
21 September 2012 were revised and the expected improvement from
(0.58) to an expected 1.02 cents were revised after taking into
account Circular 3/2012 - Headline earnings requires interest and
any adjustments related to linked debentures units to be taken
into account when calculating headline earnings. This adjustment
was processed against both the current and prior year’s
previously issued financial statements and illustrated below:
2011
Headline loss previously reported (3 638 173)
Adjusted for: Add back of linked
debenture interest 5 700 000
Headline earnings restated 2 061 827
Headline loss per linked unit (cents)
Previously reported (0.58)
Restated headline earnings per
Linked unit (cents) 0.33
Headline earnings per linked unit weakened from 0.33 cents in
2011 to 0.07 cent in 2012.
Johannesburg
28 September 2012
Sponsor
Arcay Moela Sponsors Proprietary Limited
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