Orion expects 100% higher earnings

Posted On Monday, 20 September 2010 02:00 Published by eProp Commercial Property News
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Orion Real Estate says that due to increased rentals and recoveries from the larger portfolio it expects a marked improvement in its headline earnings per share.

Orion Real Estate







Orion Real Estate said in a trading update on Monday that due to increased rentals and recoveries from the larger portfolio it expected a 100% improvement in its headline earnings per share for the year ended June 30, 2010, from previously.

The group said however, that its earnings per share had decreased by approximately 85% from earlier.

"The decrease was due to the fact that the property values have stabilised after the transfer of the Gmeiner portfolio and only minor adjustments to the property values were required," it said.

Last modified on Tuesday, 22 April 2014 13:40

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