BUENOS
AIRES, Argentina, Sept. 6,
2023 /PRNewswire/ -- IRSA Inversiones y
Representaciones S.A. (NYSE: IRS; BYMA: IRSA), the leading real
estate company in Argentina,
announces today its results for the Fiscal Year 2023 ended
June 30, 2023.
HIGHLIGHTS
- The net result for fiscal year 2023 recorded a profit of
ARS 58,094 million, 22.8% lower than
fiscal year 2022.
- Rental adjusted EBITDA reached ARS
42,500 million, 24.9% higher than fiscal year 2022, driven
by the Shopping Centers and Hotels segments. Total adjusted EBITDA
reached ARS 36,000 million compared
to ARS 59,126 million in 2022.
- Mall tenant sales grew by 16.0% in fiscal year 2023 compared to
fiscal year 2022 and occupancy grew significantly, reaching
97.4%.
- During the fiscal year and subsequently, we sold 9 floors of
the "200 Della Paolera" building,
the Suipacha 652/64 building and our 50% interest in Quality Invest
S.A., owner of the San Martín property, for the total amount of
USD 163.7 million.
- We concluded our debt refinancing process this year, including
the exchange of the Series II Notes for USD
360 million, reducing net debt by 67% since 2020.
- We distributed dividends twice this fiscal year for a total
amount of USD 124.1 million and
repurchased our own shares for approximately 1.7% of the capital
stock.
- On September 5, 2023, the Board
of Directors called a Shareholders' Meeting in order to distribute
a dividend for the sum up to ARS 64,000
million, among other points to be discussed.
Financial
Highlights (In millions of Argentine Pesos)
FY 2023
|
|
Income
Statement
|
06/30/2023
|
06/30/2022
|
Revenues
|
89,285
|
69,168
|
Consolidated Gross
Profit
|
58,481
|
43,049
|
Net result from changes
in the fair value of investment properties
|
(49,145)
|
29,427
|
Consolidated Profit /
(Loss) from Operations
|
(26,139)
|
56,408
|
Result for the
Period
|
58,094
|
75,222
|
|
|
|
Attributable
to:
|
|
|
IRSA's
Shareholders
|
57,351
|
74,487
|
Non-Controlling
interest
|
743
|
735
|
|
|
|
EPS (Basic)
|
72.70
|
92.12
|
EPS
(Diluted)
|
66.26
|
83.61
|
|
|
|
Balance
Sheet
|
06/30/2023
|
06/30/2022
|
Current
Assets
|
70,226
|
91,446
|
Non-Current
Assets
|
641,386
|
712,221
|
Total
Assets
|
711,612
|
803,667
|
Current
Liabilities
|
75,722
|
186,322
|
Non-Current
Liabilities
|
251,507
|
251,445
|
Total
Liabilities
|
327,229
|
437,767
|
Non-Controlling
Interest
|
22,330
|
23,443
|
Shareholders'
Equity
|
384,383
|
365,900
|
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 FY 2023 Results Conference Call
on Thursday, September 7, 2023, at
11:00 AM US Eastern Time /
12:00 PM BA Time.
To access the
Webinar:
https://irsacorp.zoom.us/webinar/register/WN_dnCnL7owSu6gh_2RVif4WQ
Webinar ID: 812 2133 5009
Password: 749448
In addition, you can participate communicating to this
numbers:
Argentina: +54 343 414 5986 or +54 112 040 0447 or
+54 115 983 6950 or +54 341 512 2188
Israel: +972 3 978 6688 or +972 2 376 4509 or +972 2
376 4510
Brazil: +55 11 4632
2237 or +55 11 4680 6788 or +55 11 4700 9668 or +55 21 3958 7888 or
+55 11 4632 2236
US: +1 309 205 3325 or +1 312 626 6799 or +1 346 248
7799 or +1 360 209 5623 or +1 386 347 5053 or +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
Chile: +56 22 573
9305 or +56 23 210 9066 or +56 232 938 848 or +56 41 256 0288 or
+56 22 573 9304
Investor Relations Department.
+ 5411 4323-7449
ir@irsa.com.ar
https://www.irsa.com.ar/home-inversores.php?lng=en
Follow us on X @irsair
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SOURCE IRSA Inversiones y Representaciones S.A.