BUENOS AIRES, Argentina,
Nov. 12, 2021 /PRNewswire/ --
Cresud S.A.C.I.F. y A. (NASDAQ: CRESY, BYMA: CRES), leading
Argentine agricultural company, announces today its results for the
first quarter of FY 2022 ended September 30,
2021.
HIGHLIGHTS
- The net result for the first quarter of fiscal year 2022
recorded a gain of ARS 2,838 million
compared to ARS 11,476 million in the
same period of 2021.
- Adjusted EBITDA for the period reached ARS 5,381 million, 31.5% lower than the same
period in 2021, a reduction mainly explained by the urban business.
Adjusted EBITDA of the agribusiness segments reached ARS 3,593 million, in line with the same period
of previous fiscal year.
- The 2022 campaign is developing with higher international
commodity prices and margins than the previous one, although with
rising costs. We expect to plant approximately 262,000 ha.
- During the quarter, our subsidiary Brasilagro sold a fraction
of its Rio do Meio farm for BRL 130.1
million and subsequently, completed the sale of a fraction
of its Alto Taquarí farm for BRL 589.0
million.
- In financial matters, during the quarter we issued debt in the
local market for the sum of USD 60.6
million, reducing the average financing cost of the
company.
|
Financial
Highlights
|
|
(In millions of
Argentine Pesos)
|
|
3M FY 2022 ended
September 30, 2021
|
|
|
Income
Statement
|
09/30/2021
|
09/30/2020
|
|
Agricultural Business
Revenue
|
12,878
|
10,040
|
|
Agricultural Business
Gross Profit
|
3,132
|
3,398
|
|
Urban Properties
Revenues
|
3,430
|
1,857
|
|
Urban Properties Gross
Profit
|
2,682
|
864
|
|
Consolidated Gross
Profit
|
5,711
|
3,764
|
|
Consolidated (Loss) /
Profit from Operations
|
(2,573)
|
36,717
|
|
Profit for the
Period
|
2,838
|
11,476
|
|
|
|
|
Attributable
to:
|
|
|
|
Cresud's
Shareholders
|
2,040
|
4,411
|
|
Non-Controlling
interest
|
798
|
7,065
|
|
|
|
|
EPS (Basic)
|
4.82
|
8.84
|
|
EPS
(Diluted)
|
4.08
|
8.57
|
|
|
|
|
Balance
Sheet
|
09/30/2021
|
06/30/2021
|
|
Current
Assets
|
67,907
|
76,477
|
|
Non-Current
Assets
|
281,885
|
294,181
|
|
Total
Assets
|
349,792
|
370,658
|
|
Current
Liabilities
|
59,599
|
76,966
|
|
Non-Current
Liabilities
|
176,852
|
177,969
|
|
Total
Liabilities
|
236,451
|
254,935
|
|
Non-Controlling
Interest
|
77,826
|
80,265
|
|
Shareholders'
Equity
|
113,341
|
115,723
|
Cresud, leading Argentinean agricultural company with a
growing presence in Latin American countries, cordially
invites you to participate in its first quarter of the FY 2022
Results Conference Call on Monday, November
15, 2021, at 09:00 AM Eastern
Time / 11:00 AM BA Time.
To access the
Webinar:
https://irsacorp.zoom.us/j/85115030304?pwd=MzRnUXB5N3IzYStoNDZMMEhrTmRtQT09
Webinar ID: 851 1503 0304
Password: 903016
In addition, you can participate communicating to this
numbers:
Argentina: +54 112 040 0447
or +54 115 983 6950 or +54 341 512 2188 or +54 343 414 5986
Israel: +972 55 330 1762 or
+972 3 978 6688
Brazil : +55 11 4700 9668 or
+55 21 3958 7888 or +55 11 4632 2236 or +55 11 4632 2237
US: +1 346 248 7799 or +1 646 558 8656 or +1 669 900 9128 or
+1 253 215 8782 or +1 301 715 8592
Chile: +56 232 938 848 or
+56 41 256 0288 or +56 22 573 9304 or +56 22 573 9305 or +56 23 210
9066
UK: +44 330 088 5830 or +44 131 460 1196 or +44 203 481 5237
or +44 203 481 5240 or +44 208 080 6591
Investor Relations
Department.
https://www.cresud.com.ar/home-inversores.php?lng=en
Cresud S.A.C.I.F. y A.
+5411 4323-7449
ir@cresud.com.ar
Follow us on Twitter: @cresudir
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SOURCE Cresud S.A.C.I.F. y A.