BUENOS AIRES, Argentina,
Nov. 20, 2020 /PRNewswire/ --
HIGHLIGHTS
- The net result for the first quarter of fiscal year 2021
recorded a gain of ARS 7,526 million
compared to ARS 9,492 million in the
same period of 2020. The result from continuing operations recorded
a gain of ARS 13,922 million mainly
due to higher results from changes in the fair value of the
investment properties from our subsidiary IRSA.
- The result of discontinued operations recorded a loss of
ARS 6,396 million as a result of the
deconsolidation of the investment in Israel since September
30, 2020.
- Adjusted EBITDA for the reached ARS
5.811 million, 63.5% higher than in the same period of
fiscal year 2020. Agribusiness adjusted EBITDA was ARS 2,244 and urban properties and investments
business (IRSA) adjusted EBITDA was ARS
4,913 million.
- 2021 Campaign is developing with high international commodity
prices and under "Niña" weather conditions from moderate to
neutral. We expect to plant approximately 262,000 ha.
- As a subsequent event, we completed an exchange of the Class
XXIV Notes for a nominal value of USD 73.6
million. The nominal value of the notes presented and
accepted for exchange was approximately USD
65.1 million, which represents a 88.41% acceptance, through
the participation of 1,098 orders.
Financial Highlights
(In millions of
Argentine Pesos)
3M FY 2021 ended September 30, 2020
Income
Statement
|
09/30/2020
|
09/30/2019
|
Agricultural Business
Revenue
|
8,355
|
8,777
|
Agricultural Business
Gross Profit
|
2,404
|
2,254
|
Urban Properties
Revenues
|
1,219
|
3,613
|
Urban Properties Gross
Profit
|
568
|
2,869
|
Consolidated Gross
Profit
|
2,899
|
5,034
|
Consolidated Profit
from Operations
|
24,269
|
15,705
|
Profit for the
Period
|
7,526
|
9,492
|
|
|
|
Attributable
to:
|
|
|
Cresud's
Shareholders
|
2,893
|
(3,193)
|
Non-Controlling
interest
|
4,633
|
12,685
|
|
|
|
EPS (Basic)
|
5.79
|
(6.57)
|
EPS
(Diluted)
|
5.62
|
(6.57)
|
|
|
|
Balance
Sheet
|
09/30/2020
|
06/30/2020
|
Current
Assets
|
40,590
|
248,708
|
Non-Current
Assets
|
226,304
|
490,817
|
Total
Assets
|
266,894
|
739,525
|
Current
Liabilities
|
67,362
|
186,092
|
Non-Current
Liabilities
|
106,850
|
421,928
|
Total
Liabilities
|
174,212
|
608,020
|
Non-Controlling
Interest
|
61,207
|
104,419
|
Shareholders'
Equity
|
92,682
|
131,505
|
Cresud, leading Argentinean agricultural company with a
growing presence in Latin American countries, cordially
invites you to participate in its first quarter of the FY 2021
Results Conference Call on Friday, November
20, 2020, at 02:00 PM Eastern
Time / 04:00 PM BA Time.
To access the
Webinar:
https://irsacorp.zoom.us/j/87306808467?pwd=a0NPbi9qNXNzTmxHS1RpK1VmcHgxUT09
Webinar ID: 873 0680 8467
Password: 726457
In addition, you can participate communicating to this
numbers:
Argentina: +54 112 040 0447
or +54 115 983 6950 or +54 341 512 2188 or +54 343 414 5986
Israel: +972 55 330 1762 or
+972 3 978 6688
Brazil : +55 11 4700 9668 or
+55 21 3958 7888 or +55 11 4632 2236 or +55 11 4632 2237
US: +1 346 248 7799 or +1 646 558 8656 or +1 669 900 9128 or
+1 253 215 8782 or +1 301 715 8592
Chile: +56 232 938 848 or
+56 41 256 0288 or +56 22 573 9304 or +56 22 573 9305 or +56 23 210
9066
Investor Relations Department.
https://www.cresud.com.ar/home-inversores.php?lng=en
Cresud S.A.C.I.F. y A.
+5411 4323-7449
ir@cresud.com.ar
Follow us on Twitter: @cresudir
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SOURCE Cresud S.A.C.I.F. y A.