IRSA Inversiones y Representaciones Sociedad Anónima Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2023
May 09, 2023 at 02:18 pm EDT
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IRSA Inversiones y Representaciones Sociedad Anónima reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported sales was ARS 16,273 million compared to ARS 13,554 million a year ago. Net income was ARS 12,399 million compared to net loss of ARS 35,518 million a year ago. Basic earnings per share from continuing operations was ARS 17.0631 compared to basic loss per share from continuing operations of ARS 48.3694 a year ago. Diluted earnings per share from continuing operations was ARS 15.3007 compared to diluted loss per share from continuing operations of ARS 48.3694 a year ago.
For the nine months, sales was ARS 53,876 million compared to ARS 39,759 million a year ago. Net income was ARS 30,768 million compared to ARS 25,476 million a year ago. Basic earnings per share from continuing operations was ARS 42.3439 compared to ARS 34.6881 a year ago. Diluted earnings per share from continuing operations was ARS 37.9597 compared to ARS 31.5046 a year ago.
IRSA Inversiones y Representaciones Sociedad Anonima is a holding company. The Company invests on its own behalf and through investee companies in companies operating in various sectors of the Israeli and global economy. The Company's segments are Cellcom, which includes cellular telephone services, content and added value services, other services and revenues from the sale of end user equipment in the cellular field; Property and Buildings and projects in Las Vegas, which includes the rental of income-generating properties and residential buildings; Shufersal, which includes retail and the rental of income-generating properties; Adama, which includes the sale of agro products and non-agro products; Clal Insurance Enterprise Holdings, which operates through subsidiary companies in the fields of insurance, pensions and provident funds, in the field of financial services and in the holding of assets and real businesses, and Others.
IRSA INVERSIONES Y REPRESENTACIONES SOCIEDAD ANÓNIMA 
