Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023
February 09, 2024 at 11:06 am EST
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Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was ARS 101,239 million compared to ARS 101,073 million a year ago. Net loss was ARS 13,711 million compared to net income of ARS 20,252 million a year ago. Basic loss per share from continuing operations was ARS 23.16 compared to basic earnings per share from continuing operations of ARS 34.28 a year ago. Diluted loss per share from continuing operations was ARS 23.16 compared to diluted earnings per share from continuing operations of ARS 29.32 a year ago.
For the six months, sales was ARS 204,745 million compared to ARS 210,149 million a year ago. Net income was ARS 48,800 million compared to ARS 32,929 million a year ago. Basic earnings per share from continuing operations was ARS 82.42 compared to ARS 55.73 a year ago. Diluted earnings per share from continuing operations was ARS 69.91 compared to ARS 47.67 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 Second Quarter and Six Months Ended December 31, 2023
CRESUD SOCIEDAD ANÓNIMA, COMERCIAL, INMOBILIARIA, FINANCIERA Y AGROPECUARIA 
