Cresud S.A.C.I.F. y A. announces today its results for the first quarter of FY 2022 ended September 30, 2021
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.
