Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Reports Earnings Results for the First Quarter Ended September 30, 2022
November 11, 2022 at 05:54 pm EST
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Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria reported earnings results for the first quarter ended September 30, 2022. For the first quarter, the company reported sales was ARS 29,863 million compared to ARS 31,474 million a year ago. Net income was ARS 3,471 million compared to ARS 3,734 million a year ago.
Basic earnings per share from continuing operations was ARS 5.91 compared to ARS 6.36 a year ago. Diluted earnings per share from continuing operations was ARS 5.02 compared to ARS 5.4 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 
