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0.0346086956521739 0.0346086956521739 0.0346086956521739 0.0346086956521739 -0.0260434782608696 -0.0608695652173912 -0.0712260869565216 -0.0712260869565216
Stock impact report

IRSA Propiedades Comerciales S.A. announces Results for the first quarter of the FY 2020 Ended September 30, 2019

Irsa Propredades Comerciales S (IRCP)  More Company Research Source: PR Newswire
US:NASDAQ Investor Relations: irsacp.com.ar
PDF BUENOS AIRES, Argentina, Nov. 7, 2019 /PRNewswire/ -- IRSA Propiedades Comerciales S.A. (NASDAQ: IRCP; ByMA: IRCP), the leading commercial real estate company in Argentina, announces its results for the first quarter of the FY 2020 ended September 30, 2019.HIGHLIGHTSNet result for IQ20 registered a gain of ARS 2,259 million compared to a gain of ARS 3,489 million in IQ19. This is mainly explained by lower results from changes in fair value of investment properties during this period. The Company's Adjusted EBITDA for IQ20 reached ARS 1,484 million, decreasing in real terms by 2.6% compared to IQ19. Adjusted EBITDA for Shopping Malls decreased by 14.5% while Adjusted EBITDA for Office segment increased by 67.6%. Our same Shopping Malls Sales grew by 46.2% in nominal terms (-5.1% in real terms) in IQ20 compared to IQ19 and the portfolio's occupancy rate reached 94.3%. On October 30, our Shareholders' meeting approved a cash dividend for the sum of ARS 595 million (ARS/share 4.7217 and A [Read more]
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