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
Follow us on Twitter: @cresudir
SOURCE Cresud S.A.C.I.F. y A.
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