Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2024
May 10, 2024 at 01:11 pm
Share
Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported sales was ARS 140,375 million compared to ARS 109,899 million a year ago. Net loss was ARS 51,652 million compared to net income of ARS 29,535 million a year ago. Basic loss per share from continuing operations was ARS 87.23 compared to basic earnings per share from continuing operations of ARS 50.2 a year ago. Diluted loss per share from continuing operations was ARS 87.23 compared to diluted earnings per share from continuing operations of ARS 42.43 a year ago.
For the nine months, sales was ARS 450,813 million compared to ARS 428,532 million a year ago. Net income was ARS 22,340 million compared to ARS 79,463 million a year ago. Basic earnings per share from continuing operations was ARS 37.73 compared to ARS 135.07 a year ago. Diluted earnings per share from continuing operations was ARS 31.91 compared to ARS 114.16 a year ago.
Cresud SACIF y A is an Argentina-based company engaged mainly in telecommunications sector. Through its subsidiaries, it operates two segments: Agricultural Business and Urban Properties and Investment Business, which is divided into: Operations Center Argentina and Operations Center Israel. Agricultural Business focuses on acquiring, developing and exploiting agricultural properties. It is involved in farming activities, cattle raising, leasing land to third parties and perform agency and agro-industrial services, including a meat packing plant. Operations Center Argentina is engaged in the development, acquisition and operation of shopping malls, offices and hotels, among others, in Argentina, and owns selective investments outside Argentina. Operations Center Israel includes real estate activities in Israel and abroad, supermarket chain management and telecommunications services, both locally, as well as is engaged in the insurance, pension and provident funds, among others.
Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2024
CRESUD SOCIEDAD ANÓNIMA, COMERCIAL, INMOBILIARIA, FINANCIERA Y AGROPECUARIA 
