BUENOS AIRES, Argentina,
March 12, 2021 /PRNewswire/
--
HIGHLIGHTS
- The net result for the first semester of fiscal year 2021
recorded a loss of ARS 3,264 million
compared to a gain of ARS 2,278
million in the same period of 2020. The result from
continuing operations recorded a gain of ARS
3,856 million mainly due to higher results from changes in
the fair value of the investment properties from our subsidiary
IRSA and lower losses from net financial results.
- Adjusted EBITDA for the first semester of fiscal year 2021
reached ARS 8.894 million, 10.2%
higher than in the same period of fiscal year 2020. Agribusiness
adjusted EBITDA was ARS 1,354 million
and urban properties and investments business (IRSA) adjusted
EBITDA was ARS 7,540 million.
- 2021 Campaign is developing with high international commodity
prices and under "Niña" weather conditions from moderate to
neutral. We expect to plant approximately 260,000 ha.
- As a subsequent event, we have sold our lands in Bolivia to our subsidiary Brasilagro for an
amount of USD 30 million and
subsequently, we subscribed 6.9 million shares within the framework
of its capital increase for BRL 440
million, increasing our participation in Brasilagro, net of
treasury shares, from 33.8% to 34.1%.
- In February 2021, we sold 100% of
Sociedad Anónima Carnes Pampeanas S.A., owner of a meatpacking
facilities plant in La Pampa, Argentina, for the sum of USD 10 million.
- In financial matters, during the quarter we completed an
exchange of the Series XXIV Notes for a nominal value of
USD 73.6 million and, as a subsequent
event, we issued 90 million shares and 90 million warrants for the
sum of USD 42.5 million.
Financial
Highlights
|
(In millions of
Argentine Pesos)
|
6M FY 2021 ended
December 31, 2021
|
|
|
|
Income
Statement
|
12/31/2020
|
12/31/2019
|
Agricultural Business
Revenue
|
15,795
|
17,455
|
Agricultural Business
Gross Profit
|
4,348
|
4,773
|
Urban Properties
Revenues
|
3,854
|
8,891
|
Urban Properties Gross
Profit
|
2,432
|
7,013
|
Consolidated Gross
Profit
|
6,597
|
11,613
|
Consolidated Profit
from Operations
|
9,221
|
12,753
|
(Loss) / Profit for
the Period
|
(3,264)
|
2,278
|
|
|
|
Attributable
to:
|
|
|
Cresud's
Shareholders
|
(3,002)
|
(6,461)
|
Non-Controlling
interest
|
(262)
|
8,739
|
|
|
|
EPS (Basic)
|
(6.01)
|
(13.19)
|
EPS
(Diluted)
|
(6.01)
|
(13.19)
|
|
|
|
Balance
Sheet
|
12/31/2020
|
06/30/2020
|
Current
Assets
|
39,962
|
276,879
|
Non-Current
Assets
|
233,520
|
546,412
|
Total
Assets
|
273,482
|
823,291
|
Current
Liabilities
|
67,894
|
207,172
|
Non-Current
Liabilities
|
113,989
|
469,720
|
Total
Liabilities
|
181,883
|
676,892
|
Non-Controlling
Interest
|
61,584
|
116,246
|
Shareholders'
Equity
|
91,599
|
146,399
|
Cresud, leading Argentinean agricultural company with a
growing presence in Latin American countries, cordially
invites you to participate in its second quarter of the FY 2021
Results Conference Call on Monday, March 15,
2021, at 10:00 AM Eastern Time
/ 12:00 PM BA Time.
To access the Webinar:
https://irsacorp.zoom.us/j/86466122327?pwd=cjRzT2lpUCtucmRjREhRNGJVWVhZZz09
Webinar ID: 864 6612 2327
Password: 737007
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
UK: +44 330 088 5830 or +44 131 460 1196 or +44 203 481 5237
or +44 203 481 5240 or +44 208 080 6591
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.