CRESUD S.A.C.I.F. y A. announces its results for the third quarter of Fiscal Year 2024 ended March 31, 2024
HIGHLIGHTS
- The net result for the nine-month period of fiscal year 2024 recorded a loss of
ARS 25,646 million compared to a profit ofARS 140,918 million in the same period of 2023 due to the impact of exposure to inflation on the fair value of investment properties of IRSA. The result attributable to the controlling shareholder was a profit ofARS 22,340 million . - The adjusted EBITDA for the period reached
ARS 164,332 million , 61.4% higher than the same period in 2023. Agribusiness adjusted EBITDA reachedARS 45,504 million because of better productive results and farmland sales inArgentina . - The 2024 regional campaign is being developed with a slightly lower planted area than the last campaign, mixed climatic conditions, lower international commodity prices and expected production levels in line, with better prospects in
Argentina than in the rest of the region. - During the third quarter, Brasilagro sold a fraction of 12,335 hectares (8,796 productive) of its Chaparral establishment for the sum of
BRL 365.4 million . The gain will be recognized in the financial statements of the fourth quarter of FY 2024. - In
May 2024 , we approved a new cash dividend forARS 30,000 million (ARS/share 50.5482 and ARS/GDS 505.4820), which will be distributed sinceMay 14th .
Financial Highlights
(In millions of Argentine Pesos)
9M FY 2024 ended
Income Statement |
|
|
Agricultural Business Revenue |
238,561 |
221,656 |
Agricultural Business Gross Profit |
62,481 |
33,985 |
Urban Properties Revenues |
177,236 |
168,834 |
Urban Properties Gross Profit |
145,998 |
138,557 |
Consolidated Gross Profit |
206,006 |
169,854 |
Consolidated results from Operations |
(233,224) |
(70,125) |
Profit for the Period |
(25,646) |
140,918 |
|
|
|
Attributable to: |
|
|
|
22,340 |
79,463 |
Non-Controlling interest |
(47,986) |
61,455 |
|
|
|
EPS (Basic) |
37.73 |
135.07 |
EPS (Diluted) |
31.91 |
114.16 |
|
|
|
Balance Sheet |
|
|
Current Assets |
681,286 |
673,512 |
Non-Current Assets |
2,304,638 |
2,677,323 |
Total Assets |
2,985,924 |
3,350,835 |
Current Liabilities |
629,442 |
625,042 |
Non-Current Liabilities |
1,021,999 |
1,221,296 |
Total Liabilities |
1,651,441 |
1,846,338 |
Non-Controlling Interest |
754,213 |
852,640 |
Shareholders' Equity |
1,334,483 |
1,504,497 |
The Company's market capitalization as of
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In addition, you can participate communicating to this numbers:
US: +1 719 359 4580 or +1 929 205 6099 or +1 253 205 0468 or +1 253 215 8782 or +1 301 715 8592
Investor Relations Department.
https://www.cresud.com.ar/home-inversores.php?lng=en
+5411 4323-7449
ir@cresud.com.ar
Follow us on Twitter: @cresudir
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