Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2022
February 10, 2023 at 11:08 am EST
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Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria reported earnings results for the second quarter and six months ended December 31, 2022. For the second quarter, the company reported sales was ARS 32,457 million compared to ARS 33,096 million a year ago. Net income was ARS 6,503 million compared to ARS 36,933 million a year ago. Basic earnings per share from continuing operations was ARS 11.12 compared to ARS 62.56 a year ago. Diluted earnings per share from continuing operations was ARS 9.41 compared to ARS 53.11 a year ago.
For the six months, sales was ARS 67,484 million compared to ARS 70,013 million a year ago. Net income was ARS 10,574 million compared to ARS 41,310 million a year ago. Basic earnings per share from continuing operations was ARS 18.08 compared to ARS 70.02 a year ago. Diluted earnings per share from continuing operations was ARS 15.3 compared to ARS 59.44 a year ago.
Cresud SACIF y A is an Argentina-based company engaged mainly in telecommunications sector. Through its subsidiaries, it operates two segments: Agricultural Business and Urban Properties and Investment Business, which is divided into: Operations Center Argentina and Operations Center Israel. Agricultural Business focuses on acquiring, developing and exploiting agricultural properties. It is involved in farming activities, cattle raising, leasing land to third parties and perform agency and agro-industrial services, including a meat packing plant. Operations Center Argentina is engaged in the development, acquisition and operation of shopping malls, offices and hotels, among others, in Argentina, and owns selective investments outside Argentina. Operations Center Israel includes real estate activities in Israel and abroad, supermarket chain management and telecommunications services, both locally, as well as is engaged in the insurance, pension and provident funds, among others.
Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2022
CRESUD SOCIEDAD ANÓNIMA, COMERCIAL, INMOBILIARIA, FINANCIERA Y AGROPECUARIA 
