• Orion Real Estate Ltd   ZXORE

  • Last Close:  15 Sep 21
  • Share Price: 55c
  • Move: 0c (0.00%)
  • -
  • Orion Real Estate Ltd   ZXORE

  • Last Close:  15 Sep 21
  • Share Price: 55c
  • Move: 0c (0.00%)
  • -
  • Orion Real Estate Ltd   ZXORE

  • Last Close:  15 Sep 21
  • Share Price: 55c
  • Move: 0c (0.00%)
  • -

In accordance with paragraph 7.2.1.12 of the ZAR X Listings Requirements, shareholders are hereby advised that a reasonable degree of certainty exists that the profit after tax for the six months ended on 31 March 2021 will be materially lower than for the comparative six-month period ended 31 March 2020, although the operating results are improved.

The decreased profit in comparison with the six-month period ended 31 March 2020 is due to the reversal of the deferred taxation liability of R89.2 million in the 6 months ended 31 March 2020 as a result of Orion listing on ZAR X and the and regaining of its REIT status. For purposes of clarification, the deferred taxation liability was raised during the prior period ended 30 September 2019 when the Company delisted from the JSE.

Orion expects to publish its financial results for the six months ended 31 March 2021 on or about 31 May 2021.

BY ORDER OF THE BOARD

Appointed Advisor
AcaciaCap Advisors Proprietary Limited
Johannesburg
31 May 2021

Where to Find Us

Orion Real Estate Ltd Head Office
3rd Floor
26 Wellington Road
Parktown
Johannesburg 2193
South Africa

Copyright © 2021. All rights reserved.