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CRESUD SOCIEDAD ANÓNIMA COMERCIAL, INMOBILIARIA, FINANCIERA Y AGROPECUARIA

(CRES)
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Cresud Sociedad Anónima Comercial Inmobiliaria Financiera y Agropecuaria : Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (Exact name of Registrant as specified in its charter) (Form 6-K)

06/04/2021 | 02:39pm EDT
Cresud Sociedad Anónima, Comercial, Inmobiliaria,
Financiera y Agropecuaria
(Exact name of Registrant as specified in its charter)
Cresud Inc.
(Translation of registrant´s name into English)
Republic of Argentina
(Jurisdiction of incorporation or organization)
Carlos Della Paolera 261
(C1001ADA)
Buenos Aires, Argentina
(Address of principal executive offices)
Form 20-F ⌧Form 40-F ☐
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes oNo x
CRESUD S.A.C.I.F. and A.
(THE 'COMPANY')
REPORT ON FORM 6-K
Attached is the English translation of the letter filed with the Comision Nacional de Valores and Bolsas y Mercados Argentinos on June 4, 2021.
BUENOS AIRES, ARGENTINA - June 4, 2021 - Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria (the 'Company') (NASDAQ: CRESY),announces today that it has signed a sale agreement with possession of a fraction of 2,440 hectares of its 'San Pedro' farm, which includes 1,950 productive hectares of agricultural activity and its historic property. The farm is located in the Department of Concepción del Uruguay, Entre Ríos province, and was acquired by CRESUD in 2005. After this operation, a remaining surface of approximately 3,580 hectares of the 'San Pedro' farm is still owned by the Company.
The total amount of the operation was set at USD 8.6 million, of which USD 6.5 million have already been collected to date. The remaining balance of approximately USD 2.1 million will be paid in 3 installments: USD 0.8 million will be charged at the time of signing the deed of the fraction corresponding to the historic property of the 'San Pedro' farm, scheduled for July 2021, USD 0,7 million in December 2021 and USD 0.6 million in December 2022.
The accounting result of the operation amounts to approximately ARS 283 million and will be recognized in the fourth quarter of the 2021 fiscal period.

Disclaimer

Cresud S.A.C.I.F. y A. published this content on 04 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 June 2021 18:38:03 UTC.


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Financials
Sales 2020 121 B 1 234 M 1 234 M
Net income 2020 3 929 M 40,0 M 40,0 M
Net Debt 2020 317 B 3 227 M 3 227 M
P/E ratio 2020 4,02x
Yield 2020 -
Capitalization 58 116 M 591 M 591 M
EV / Sales 2019 3,15x
EV / Sales 2020 2,74x
Nbr of Employees -
Free-Float 68,7%
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Managers and Directors
Alejandro Gustavo Elsztain Second Vice Chairman & Chief Executive Officer
Matías Iván Gaivironsky Chief Financial & Administrative Officer
Eduardo Sergio Elsztain Chairman
Pedro Damaso Labaqui Palacio Independent Director
Alejandro Bartolomé Independent Director