Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera Y Agropecuaria Announces Earnings Results for the Year Ended June 30, 2020
September 25, 2020 at 02:31 pm EDT
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Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria announced earnings results for the year ended June 30, 2020. For the period, the company reported net result of ARS 20,003 million compared to loss of ARS 40,729 million a year ago. Basic LPS was ARS 7.87 against ARS 54.79 a year ago. Diluted LPS was ARS 7.63 against ARS 54.79 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 
