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0.00231909123069062 -0.00161157187217492 -0.00161157187217492 0.0160567587752053 -0.00161157187217492 0.035729727605047 0.035729727605047 0.0396603907079123
Stock impact report

IRSA Inversiones y Representaciones S.A. announces its Results for the first quarter of the FY 2020 ended September 30, 2019.

IRSA Inversiones Y Representaciones S.A. Global Depositary Shares (Each representing ten shares of) (IRS) 
US:NYSE Investor Relations: irsa.com.ar
Company Research Source: PR Newswire
BUENOS AIRES, Argentina, Nov. 11, 2019 /PRNewswire/ -- IRSA Inversiones y Representaciones S.A. (NYSE: IRS; BYMA: IRSA), the leading real estate company in Argentina, announces today its results for the first quarter of the Fiscal Year 2020 ended September 30, 2019.HIGHLIGHTSThe net result of the first quarter of the FY 2020 recorded a gain of ARS 10,983 million compared to a gain of ARS 9,059 million in the IQ19, mainly explained by the result from the deconsolidation of Gav-Yam due to the loss of control offset by lower results of Clal's market valuation in the Israel business center and lower results from changes in the fair value of investment properties in the Argentine business center. The adjusted EBITDA for the first quarter of 2020 was ARS 5,268 million (ARS 1,434 million from the Argentine business center and ARS 3,834 million from the Israel business center), increasing by 28.6% compared to the same quarter of 2019. Adjusted EBITDA of the rental segments in Argentina decrea Show less Read more
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