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Stock impact report

IRSA Inversiones y Representaciones S.A. (NYSE: IRS; BYMA: IRSA), the leading real estate company in Argentina, announces today its results for the second quarter of the Fiscal Year 2021 e...

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, Feb. 12, 2021 /PRNewswire/ -- HIGHLIGHTSThe net result for the first half of fiscal year 2021 recorded a loss of ARS 1,164 million compared to a gain of ARS 6,611 million in the same period of 2020. The result from continuing operations recorded a gain of ARS 5,956 million mainly due to higher results from changes in the fair value of the investment properties. The result of discontinued operations recorded a loss of ARS 7,120 million as a result of the deconsolidation of the investment in Israel since September 30, 2020. Adjusted EBITDA reached ARS 8,055 million in the first quarter of fiscal year 2021, increasing 76.9% compared to the first quarter of 2020, mainly explained by the Sales and Developments segment, due to the sales made by IRSA Commercial Properties. Adjusted EBITDA of the rental segments was reduced by 74,5% in the period, reaching ARS 1,341 million. Regarding the rental portfolio, the shopping malls showed a recovery in their sales in the qua Show less Read more
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