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Stock impact report

CRESUD S.A.C.I.F. y A. announces its results for the second quarter of Fiscal Year 2024 ended December 31, 2023

Cresud S.A.C.I.F. y A. - American Depositary Shares, each representing ten shares of (CRESY) 
US:NASDAQ Investor Relations: cresud.com.ar/?language=en
Company Research Source: PR Newswire
BUENOS AIRES, Argentina, Feb. 8, 2024 /PRNewswire/ -- Cresud S.A.C.I.F. y A. (NASDAQ: CRESY, BYMA: CRES), leading Argentine agricultural company, announces today its results for the second quarter of FY 2024 ended December 31, 2023.HIGHLIGHTSThe net result for the first semester of fiscal year 2024 recorded a gain of ARS 122,205 million compared to ARS 59,907 million in the same period of 2023, mainly due to the gain from changes in the fair value of IRSA's investment properties. The gain attributable to the controlling shareholder was ARS 48,800 million, compared to ARS 32,929 million in the same period of 2023.The adjusted EBITDA for the period reached ARS 79,677 million, 45.1% higher than the same period in 2023. The adjusted EBITDA of the agricultural segments was ARS 23,857 million, 39.3% higher than 2023, mainly due to higher farmland sales.The 2024 campaign is being developed with better weather conditions in the region, mainly in Argentina, and correction of international comm Show less Read more
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