BRIEF-Orion sees headline earnings gain
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2014-03-18 08:37:00
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JSE-listed Orion Real Estate (ORE) announced in a trading statement on Monday that they expected to see an increase in full-year headline earnings per linked unit to 0.57c from 0.03c previously.
JSE-listed Orion Real Estate (ORE) announced in a trading statement on Monday that they expected to see an increase in full-year headline earnings per linked unit to 0.57c from 0.03c previously.
“The improvement can be attributed to a group restructuring resulting in a material cost saving as certain major property services are no longer outsourced‚” the company said.
The group was formed in 1991 with the purchase of Intec House in downtown Johannesburg’s financial district, and has grown steadily and evolved into property holding investments in excess of R500 million.
Orion currently manages both listed and private property portfolios.
