Orion Real Estate expects headline earnings gain
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2013-09-10 12:11:00
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Orion Real Estate said on Monday that its headline earnings per linked unit were expected to improve from 0.07c to approximately 0.47c for the year ended June 2013 due to improved trading results.
Orion Real Estate said on Monday that its headline earnings per linked unit were expected to improve from 0.07c to approximately 0.47c for the year ended June 2013 due to improved trading results.
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.
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