IRSA Propiedades Comerciales S.A. announces its Results for the second quarter of the Fiscal Year 2019 Ended December 31, 2018
IRSA Propiedades Comerciales S.A. - American Depository Shares (IRCP)
US:NASDAQ Investor Relations:
irsacp.com.ar
Company Research
Source: PR Newswire
BUENOS AIRES, Argentina, Feb. 22, 2019 /PRNewswire/ -- IRSA Propiedades Comerciales S.A. (NASDAQ: IRCP; ByMA: IRCP), the leading commercial real estate company in Argentina, announces its results for the second quarter of the FY 2019 ended December 31, 2018.HIGHLIGHTSFrom this quarter onwards, the Company releases its Financial Statements adjusted for inflation according to the rule IAS 29 and local regulations that set that companies using the Argentine peso as their functional currency must release Financial Statements adjusted for inflation since December 31, 2018. Thus, all non-monetary assets and liabilities, the Equity, as well as all comparative figures for previous quarters or fiscal years, have been adjusted to constant currency as of December 31, 2018. Net result for the first semester of FY 2019 registered a loss of ARS 4,185 million compared to a gain of ARS 13,331 million in 6M18, mainly explained by lower results from changes in fair value of investment properties. The C
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