Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2023
May 11, 2023 at 02:29 pm EDT
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Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported sales was ARS 28,334 million compared to ARS 31,374 million a year ago. Net income was ARS 7,615 million compared to net loss of ARS 10,262 million a year ago. Basic earnings per share from continuing operations was ARS 13.06 compared to basic loss per share from continuing operations of ARS 17.39 a year ago. Diluted earnings per share from continuing operations was ARS 10.94 compared to diluted loss per share from continuing operations of ARS 17.39 a year ago.
For the nine months, sales was ARS 110,484 million compared to ARS 116,602 million a year ago. Net income was ARS 20,487 million compared to ARS 40,026 million a year ago. Basic earnings per share from continuing operations was ARS 35.14 compared to ARS 67.84 a year ago. Diluted earnings per share from continuing operations was ARS 29.44 compared to ARS 57.59 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 Earnings Results for the Third Quarter and Nine Months Ended March 31, 2023
CRESUD SOCIEDAD ANÓNIMA, COMERCIAL, INMOBILIARIA, FINANCIERA Y AGROPECUARIA 
