IRSA Inversiones y Representaciones S.A announces its results for the second quarter of Fiscal Year 2024 ended December 31, 2023
HIGHLIGHTS
-
The net result for the second quarter of fiscal year 2024 recorded a gain of
ARS 146,593 million compared toARS 48,072 million in the same period of the previous year, mainly explained by the gain recorded from changes in the fair value of investment properties.
-
Rental adjusted EBITDA reached
ARS 54,102 million , 12.3% higher than the first half of 2023, driven by the shopping malls and hotels segments. Total adjusted EBITDA reachedARS 66,940 million , increasing 54.6% compared to the same period of the previous year, mainly explained by higher sales of investment properties.
- Malls' tenant real sales grew by 8.9% in the first half of fiscal year 2024 compared to 2023 and occupancy stood at levels of 98%.
-
Regarding the premium office segment, we reached 92.8% occupancy this quarter and sold 2 additional floors of the "200
Della Paolera " building, in Catalinas.
-
In
January 2024 , the process of distributing the cash dividend and treasury shares in the portfolio, approved by the Shareholders' Meeting onOctober 5, 2023 , to GDS holders, which was pending, was concluded.
Financial Highlights
(In millions of Argentine Pesos)
6M FY 2024
Income Statement |
|
|
Revenues |
101,457 |
96,193 |
Consolidated Gross Profit |
68,701 |
63,561 |
Net result from changes in the fair value of investment properties |
137,822 |
(91,958) |
Consolidated Profit / (Loss) from Operations |
193,279 |
(54,253) |
Result for the Period |
146,593 |
48,072 |
|
|
|
Attributable to: |
|
|
IRSA's Shareholders |
141,519 |
46,992 |
Non-Controlling interest |
5,074 |
1,080 |
|
|
|
EPS (Basic) |
189.45 |
62.66 |
EPS (Diluted) |
189.70 |
63.93 |
|
|
|
Balance Sheet |
|
|
Current Assets |
184,846 |
145,134 |
Non-Current Assets |
1,466,348 |
1,325,529 |
Total Assets |
1,651,194 |
1,470,663 |
Current Liabilities |
164,687 |
156,491 |
Non-Current Liabilities |
648,785 |
519,781 |
Total Liabilities |
813,472 |
676,272 |
Non-Controlling Interest |
49,267 |
46,151 |
Shareholders' Equity |
837,722 |
794,391 |
The Company's market capitalization as of
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https://zoom.us/webinar/register/WN_DnKMMO0dQLi-UXi1-LFJDA
Webinar ID: 996 3178 5799
Password: 065321
In addition, you can participate communicating to this numbers:
Investor Relations Department.
+ 5411 4323-7449
ir@irsa.com.ar
https://www.irsa.com.ar/home-inversores.php?lng=en
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