BUENOS
AIRES, Argentina, May 8, 2023
/PRNewswire/ -- IRSA Inversiones y Representaciones S.A. (NYSE:
IRS; BYMA: IRSA), leading real estate company in Argentina, announces today its results for the
third quarter of the Fiscal Year 2023 ended March 31, 2023.
HIGHLIGHTS
- The net result for the nine-month period of fiscal year 2023
registered a gain of ARS 31,768
million, 35.2% higher than the same period of the previous
fiscal year.
- Adjusted EBITDA from the rental segments reached ARS 26,682 million, 38.7% higher than the
nine-month period of the previous year, driven by the Shopping
Centers and Hotels segments. Total adjusted EBITDA, which includes
sales of investment properties, reached ARS
31,251 million, increasing 20.1% in the period.
- Tenant sales in Shopping Centers grew by 18.3% in the
nine-month period of 2023 compared to the same period of 2022 and
the occupancy grew significantly, reaching 96.8%.
- In March 2023, we sold 7 floors
of the "200 Della Paolera" building
for USD 81.2 million.
- During the quarter, we issued Series XV and XVI Notes for the
sum of USD 90 million and canceled
the Series I, II and IX Notes for the sum of USD 204.8 million.
- On May 5, 2023, the Company
distributed to its shareholders a cash dividend of ARS 21.900 million, equivalent to ARS/share
27.3135 and ARS/ADR 273.1345.
Financial Highlights
(In millions of
Argentine Pesos)
9M FY 2023
Income
Statement
|
03/31/2023
|
03/31/2022
|
Revenues
|
53,876
|
39,759
|
Consolidated Gross
Profit
|
35,420
|
24,520
|
Net result from changes
in the fair value of investment properties
|
(34,909)
|
(22,666)
|
Consolidated Result
from Operations
|
(14,608)
|
(7,417)
|
Result for the
Period
|
31,768
|
23,501
|
|
|
|
Attributable
to:
|
|
|
IRSA's
Shareholders
|
30,768
|
25,476
|
Non-Controlling
interest
|
1,000
|
(1,975)
|
|
|
|
EPS (Basic)
|
38.44
|
31.49
|
EPS
(Diluted)
|
34.46
|
28.60
|
|
|
|
Balance
Sheet
|
03/31/2023
|
06/30/2022
|
Current
Assets
|
63,797
|
73,879
|
Non-Current
Assets
|
517,736
|
575,387
|
Total
Assets
|
581,533
|
649,266
|
Current
Liabilities
|
44,595
|
150,529
|
Non-Current
Liabilities
|
220,777
|
203,136
|
Total
Liabilities
|
265,372
|
353,665
|
Non-Controlling
Interest
|
18,407
|
18,938
|
Shareholders'
Equity
|
316,161
|
295,601
|
The Company's market capitalization as of March 31, 2023, was approximately USD 471 million. (81,112,220 GDS with a price per
GDS of USD 5.81).
IRSA Inversiones y Representaciones S.A. (NYSE: IRS,
BYMA: IRSA), the Argentina's
largest, most well-diversified real estate company, cordially
invites you to participate in its IIIQ FY 2023 Results Conference
Call on Tuesday, May 9, 2023, at
10:00 AM US Eastern Time /
11:00 PM BA Time.
To access the
Webinar:
https://irsacorp.zoom.us/webinar/register/WN_z9ElVx6qQ1ODrafTyxxMnA
Webinar ID: 848 3675 6844
Password: 103953
In addition, you can participate communicating to this
numbers:
Argentina:
+54 341 512 2188 or +54 343 414 5986 or +54 112 040 0447 or +54 115
983 6950
Israel: +972 2
376 4510 or +972 3 978 6688 or +972 2 376 4509
Brasil : +55 11 4632 2237 or +55 11 4680 6788 or
+55 11 4700 9668 or +55 21 3958 7888 or +55 11 4632
2236
Estados Unidos: +1 507 473 4847 or +1 564 217 2000 or +1 646
558 8656 or +1 646 931 3860 or +1 669 444 9171 or +1 669 900 9128
or +1 689 278 1000 or +1 719 359 4580 or +1 253 205 0468 or +1 253
215 8782 or +1 301 715 8592 or +1 305 224 1968 or +1 309 205 3325
or +1 312 626 6799 or +1 346 248 7799 or +1 360 209 5623 or +1 386
347 5053
Chile: +56 22 573 9305 or +56 23
210 9066 or +56 232 938 848 or +56 41 256 0288 or
+56 22 5739304
Investor Relations Department
+ 5411 4323-7449
ir@irsa.com.ar
https://www.irsa.com.ar/home-inversores.php?lng=en
Follow us on Twitter @irsair
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SOURCE IRSA Inversiones y Representaciones S.A.