Orion Real Estate headline earnings per unit seen at 0.47c vs 0.07c

Posted On Monday, 09 September 2013 16:28 Published by Commercial Property News
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Orion Real Estate says that its headline earnings per linked unit are expected to improve from 0.07c-0.47c for the year ended June 2013 due to improved trading results.

Orion Real Estate

Its basic earnings per linked unit‚ however‚ have decreased from 7.65c to approximately 4.80c‚ 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‚” it said.

Total comprehensive income for the period is expected to decrease from a profit of R 47.9m to a profit of approximately R30.1m due to the smaller adjustment in property values.

Last modified on Monday, 09 September 2013 20:37

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