Le Lézard
Classified in: Business
Subjects: ERN, CCA

IRSA Inversiones y Representaciones S.A. announces its Results for the first quarter of the FY 2020 ended September 30, 2019.


BUENOS AIRES, Argentina, Nov. 11, 2019 /PRNewswire/ -- IRSA Inversiones y Representaciones S.A. (NYSE: IRS; BYMA: IRSA), the leading real estate company in Argentina, announces today its results for the first quarter of the Fiscal Year 2020 ended September 30, 2019.

HIGHLIGHTS

Financial Highlights
(In millions of Argentine Pesos)
3M FY 2020
Ended September 30, 2019

Income Statement

09/30/2019

09/30/2018

Revenues

18,610

16,376

Consolidated Gross Profit

6,824

5,867

Net result from changes in the fair value of investment properties

9,032

10,187

Consolidated Profit from Operations

11,327

12,391

Profit For the Period

10,983

9,059




Attributable to:



IRSA's Shareholders

3,298

7,982

Non-Controlling interest

7,685

1,077




EPS (Basic)

5.74

13.88

EPS (Diluted)

5.70

13.79




Balance Sheet

09/30/2019

06/30/2019

Current Assets

164,070

158,978

Non-Current Assets

354,224

375,128

Total Assets

518,294

534,106

Current Liabilities

101,574

83,226

Non-Current Liabilities

333,290

354,308

Total Liabilities

434,864

437,534

Non-Controlling Interest

45,756

60,478

Shareholders' Equity

83,430

96,572

IRSA Inversiones y Representaciones S.A. (NYSE: IRS, BYMA: IRSA) is Argentina's largest, most well-diversified real estate company, and it is the only company in the industry whose shares are listed on both the BYMA and The New York Stock Exchange. Through its subsidiaries, IRSA manages an expanding top portfolio of shopping centers and office buildings, primarily in Buenos Aires. The company also develops residential subdivisions and apartments and owns three luxury hotels. Additionally, IRSA owns a stake in Banco Hipotecario, Argentina's largest mortgage supplier in the country as well as international opportunistic investments in real estate and other assets, including 100.0% indirect stake in IDB Development Corporation and 82.31% indirect stake in Discount Investment Corporation Ltd., leading conglomerates in Israel.

A longer version of this press release with detailed information is available on the web site: http://www.irsa.com.ar.

IRSA cordially invites you to participate in its IQ FY 2020 Results Conference Call on Tuesday, November 12, 2019, at 09:00 AM US Eastern Time / 11:00 AM BA Time.

If you would like to participate, please call:
United States: 1-844-717-6831
International: 1-412-317-6388
ID# IRSA

To access the webcast, click on the link below:
http://webcastlite.mziq.com/cover.html?webcastId=e4be839d-6ab4-4ed8-9677-89be73cbdc46

Investor Relations Department.
IRSA Inversiones y Representaciones S.A.
+ 5411 4323-7449
ir@irsa.com.ar 
www.irsa.com.ar 
Follow us on Twitter @irsair

SOURCE IRSA Inversiones y Representaciones S.A.


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