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     Results Comment: Orion Real Estate Ltd
     ORION [ORE]
    Link to Co Web Site Thu 29 Jul 2010
    Close: 19No Movement
    Day's move: 0c (0.00%)
    Volume: 0
    Trades:  0
    Quick Facts

     Comment: Thu, 18 Mar 2010
    Orion interim result December 2009
    Revenue increased from R21.9 million to R30.6 million in 2009. Operating profit decreased slightly to R12.2 million (2008:R12.3 million). Profit attributable to ordinary shareholders decreased to R3 million (2008:R47 million). Headline earnings per share rose to 0.51cps (2008:0.45cps).

    Dividend
    No interim dividend was declared for the period under review.

    Prospects
    The transfers of all the Gmeiner properties have been finalised at the end of June 2009. The larger portfolio is already showing improved results from the better economies of scale. It is expected that the results would improve even further due to tight management of costs and further initiatives to improve the income of the individual properties. Potential acquisitions are also evaluated on an ongoing basis.
     
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    Closing price data source: JSE Ltd. All other statistics calculated by ProfileData.

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