Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Reports Earnings Results for the First Quarter Ended September 30, 2023
November 09, 2023 at 01:20 pm EST
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Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria reported earnings results for the first quarter ended September 30, 2023. For the first quarter, the company reported sales was ARS 67,523 million compared to ARS 71,158 million a year ago. Net income was ARS 40,780 million compared to ARS 8,271 million a year ago.
Basic earnings per share from continuing operations was ARS 68.91 compared to ARS 13.96 a year ago. Diluted earnings per share from continuing operations was ARS 58.88 compared to ARS 11.95 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 
