PR Newswire
BUENOS AIRES, Argentina, Sept. 6, 2018
BUENOS AIRES, Argentina, Sept. 6, 2018 /PRNewswire/ -- Cresud S.A.C.I.F. y A. (NASDAQ: CRESY, BYMA: CRES), today announces results for FY 2018 ended June 30, 2018.
HIGHLIGHTS
Financial Highlights | ||
| ||
(In millions of Argentine Pesos) | ||
FY 2018 | ||
Ended June 30, 2018 | ||
| | |
Income Statement | 06/30/2018 | 06/30/2017 |
Agricultural Business Revenue | 5,898 | 3,742 |
Agricultural Business Gross Profit | 2,094 | 573 |
Urban Properties Revenues | 33,088 | 27,004 |
Urban Properties Gross Profit | 13,457 | 10,973 |
Consolidated Gross Profit | 15,551 | 11,546 |
Consolidated Profit from Operations | 29,964 | 8,255 |
Profit / (Loss) For the Period | 17,780 | 5,028 |
| | |
Attributable to: | | |
Cresud's Shareholders | 5,392 | 1,511 |
Non-Controlling interest | 12,388 | 3,517 |
| | |
EPS (Basic) | 10.86 | 3.04 |
EPS (Diluted) | 10.44 | 3.02 |
| | |
Balance Sheet | 06/30/2018 | 06/30/2017 |
Current Assets | 102,434 | 68,360 |
Non-Current Assets | 251,336 | 173,086 |
Total Assets | 353,770 | 241,446 |
Current Liabilities | 57,054 | 51,191 |
Non Current Liabilities | 221,395 | 141,082 |
Total Liabilities | 278,449 | 192,273 |
Non-Controlling Interest | 54,396 | 32,768 |
Shareholders' Equity | 75,321 | 49,173 |
Cresud is a leading Argentinean agricultural company with a growing presence in Latin American countries. Cresud is currently involved in a range of activities including crop production, cattle rising and milk production. Cresud's business model, which is being rolled out regionally in Latin America, taking into account the specific conditions of each country, 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.
Additionally, Cresud owns a 63.74% 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 opportunistic investments, including 100.0% indirect stake in IDB Development Corporation and 76.6% 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 FY 2018 Results Conference Call on Friday, September 7, 2018, at 12:00 PM Eastern Time
If you would like to participate, please call:
United States: 1-844-308-3411
International: 1-412-717-9604
ID# CRESUD
To access the webcast, click on the link below:
http://webcastlite.mziq.com/cover.html?webcastId=4caae530-751a-44c9-bff9-c8bd5c1be7c8
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
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SOURCE Cresud S.A.C.I.F. y A.
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