Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Reports Earnings Results for the Full Year Ended June 30, 2022
September 08, 2022 at 07:26 pm EDT
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Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria reported earnings results for the full year ended June 30, 2022. For the full year, the company reported sales was ARS 95,850 million compared to ARS 69,547 million a year ago. Net income was ARS 37,088 million compared to net loss of ARS 20,611 million a year ago.
Basic earnings per share from continuing operations was ARS 62.86. Diluted earnings per share from continuing operations was ARS 53.36. Basic earnings per share was ARS 62.86 compared to basic loss per share of ARS 39.11 a year ago.
Diluted earnings per share was ARS 53.36 compared to diluted loss per share of ARS 39.11 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 