Le Lézard
Classified in: Business
Subjects: ERN, CCA

Cresud S.A.C.I.F. y A. Announces Results for the three-month period of Fiscal Year 2020 ended September 30, 2019


BUENOS AIRES, Argentina, Nov. 11, 2019 /PRNewswire/ -- Cresud S.A.C.I.F. y A. (NASDAQ: CRESY, BYMA: CRES), today announces results for the three-month period of FY 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

Agricultural Business Revenue

6,394

3,903

Agricultural Business Gross Profit

1,622

1,261

Urban Properties Revenues

17,971

15,640

Urban Properties Gross Profit

6,873

5,896

Consolidated Gross Profit

8,495

7,157

Consolidated Profit from Operations

12,821

14,562

Profit / (Loss) For the Period

6,942

5,377




Attributable to:



Cresud's Shareholders

(2,335)

919

Non-Controlling interest

9,277

4,458




EPS (Basic)

(4.80)

1.917

EPS (Diluted)

(4.80)

1.830




Balance Sheet

09/30/2019

06/30/2019

Current Assets

178,473

172,237

Non-Current Assets

382,356

399,402

Total Assets

560,829

571,639

Current Liabilities

120,118

100,828

Non Current Liabilities

355,764

370,659

Total Liabilities

475,882

471,487

Non-Controlling Interest

68,383

81,224

Shareholders' Equity

84,947

100,152

Cresud is a leading Argentinean agricultural company with a growing presence in Latin American countries. Cresud's business model focuses on the acquisition, development and exploitation of properties having attractive prospects for agricultural production and/or value appreciation and the selective disposition of such properties where appreciation has been realized. The company is also involved in farming activity, through crops and cattle production in the region.

Additionally, Cresud owns a 62.34% stake in IRSA Inversiones y Representaciones S.A., Argentina's largest, most well-diversified real estate company. Through its subsidiaries, IRSA manages an expanding top portfolio of shopping centers and office buildings, primarily in Buenos Aires. Also owns 3 premium hotels in Argentina, a huge landbank for future developments, 29,91% of Banco Hipotecario and some international investments, 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.cresud.com.ar.

CRESUD cordially invites you to participate in its first quarter of the FY 2020 Results Conference Call on Tuesday, November 12, 2019, at 10:00 AM Eastern Time / 12:00 PM BA Time.

If you would like to participate, please call:

United States: 1-844-686-3840

International: 1-412-317-6377

ID# CRESUD

To access the webcast, click on the link below:

https://webcastlite.mziq.com/cover.html?webcastId=1c7d1324-260e-4a0f-bc3d-d80ff0941cac

Investor Relations Department.

Cresud S.A.C.I.F. y A.

+5411 4323-7449

ir@cresud.com.ar

www.cresud.com.ar

Follow us on Twitter: @cresudir

SOURCE Cresud S.A.C.I.F. y A.


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