Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera Y Agropecuaria Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2021
June 14, 2021 at 11:18 am EDT
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Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2021. For the quarter, the company reported revenues of ARS 26,046 million against ARS 36,697 million a year ago. Profit from operations was ARS 2,530 million against ARS 17,016 million a year ago. Loss for the period was ARS 9,231 million against ARS 10,589
million a year ago. Loss for the period per basic and diluted share attributable to equity holders of the parent was ARS 7.56 against ARS 29.53 a year ago. Loss per basic and diluted share from continuing operations attributable to equity holders of the parent was ARS 6.59 against ARS 19.41 a year ago.
For the nine months, the company reported revenues of ARS 3,265 million against ARS 5,341 million a year ago. Profit from operations was ARS 11,283 million against profit of ARS 2,611 million a year ago. Loss for the period was ARS 5,544 million against ARS 13,162 million a year ago. Loss for the period per basic and diluted share attributable to equity holders of the parent was ARS 1.15 against ARS 14.70 a year ago. Loss per basic and diluted share from continuing operations attributable to equity holders of the parent was ARS 7.68 against ARS 3.07 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 Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2021
CRESUD SOCIEDAD ANÓNIMA, COMERCIAL, INMOBILIARIA, FINANCIERA Y AGROPECUARIA 