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Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria - CRESY STOCK NEWS

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Cresud SA (CRESY) is a leading Argentine agricultural company engaged in the production of oilseed grains, cereals, sugar cane, and meat. The company also specializes in the acquisition, development, and exploitation of agricultural properties for rental, shopping centers, and hotels. Cresud is actively involved in the real estate business through its subsidiary IRSA, focusing on segments such as shopping malls, offices, sales, developments, hotels, and others.

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CRESUD S.A.C.I.F. y A. reported a net loss of ARS 25,646 million for the 9-month period ending March 31, 2024, due to inflation impact on investment properties. However, the adjusted EBITDA increased by 61.4% compared to 2023. The company approved a cash dividend of ARS 30,000 million. Brasilagro sold a fraction of its establishment, generating BRL 365.4 million in gains. The business outlook for 2024 includes better prospects in Argentina's agribusiness.

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Cresud S.A.C.I.F. y A. announces strong financial results for the second quarter of fiscal year 2024, with a net result of ARS 122,205 million, a 45.1% increase in adjusted EBITDA, and a 39.3% increase in agricultural segment EBITDA. The company also reported better weather conditions in the region, higher farmland sales, and a positive outlook for the 2024 campaign.
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Cresud S.A.C.I.F. y A. (NASDAQ: CRESY, BYMA: CRES) announces its first quarter FY 2024 results, reporting a significant increase in net result and adjusted EBITDA, improved weather conditions for the 2024 campaign, and the approval of a cash dividend and in-kind distribution of IRSA shares.
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Cresud S.A.C.I.F. y A. distributes dividend in Argentina but faces restrictions for ADS holders
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Cresud announces FY 2023 results with a profit of ARS 75,287 million, down 44.6% from the previous year. Operating result decreased by 83.2% due to lower productive results. Sold 4 fractions of farms for USD 122 million. Acquired 'Los Sauces' farm for USD 4.5 million. Issued debt for USD 196.3 million. Shareholders' Meeting called to distribute dividend of up to ARS 22,000 million in cash and 24,334,124 IRSA shares. Financial highlights show decrease in gross profit and profit from operations.
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FAQ

What does Cresud SA do?

Cresud SA is an Argentine agricultural company that produces oilseed grains, cereals, sugar cane, and meat, while also focusing on acquiring, developing, and exploiting agricultural properties for rental, shopping centers, and hotels.

In what segments is Cresud SA engaged in the real estate business?

Cresud SA participates in the real estate sector through its subsidiary IRSA, operating in segments like shopping malls, offices, sales, developments, hotels, and others.

What are the core products of Cresud SA?

Cresud SA's core products include oilseed grains, cereals, sugar cane, and meat, reflecting its strong presence in the agricultural industry.

What is Cresud SA's market capitalization?

As of the latest quarter, Cresud SA's market capitalization was approximately USD 530.7 million, with a significant number of ADS traded at a specific price per ADS.

When was Cresud SA founded?

Cresud SA was established as an Argentine agricultural company with a growing presence in Latin American countries, catering to a wide range of agricultural and real estate services.

How can I participate in Cresud SA's results conference calls?

You can access Cresud SA's results conference calls online via webinars by registering with the provided webinar IDs and passwords. Additionally, you can participate by phone through the listed numbers for different countries.

What is the focus of Cresud SA's real estate business?

Cresud SA's real estate business is primarily centered around various segments such as shopping malls, offices, sales, developments, hotels, and other real estate ventures in Argentina.

Where can I find more information about Cresud SA?

For further details about Cresud SA, including investor relations and contact information, visit their official website or reach out to their dedicated Investor Relations Department.

What is the recent financial performance of Cresud SA?

Cresud SA has announced its results for the latest fiscal year and quarters, indicating its market capitalization and other financial highlights, showcasing its prominent position in the industry.

What sets Cresud SA apart in the agricultural sector?

Cresud SA stands out in the agricultural sector due to its diverse portfolio of products, robust business model, strategic acquisitions, and investments in real estate, highlighting its leadership in the industry.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

Nasdaq:CRESY

CRESY Rankings

CRESY Stock Data

466.33M
593.45M
13.68%
1.16%
All Other Miscellaneous Crop Farming
Agriculture, Forestry, Fishing and Hunting
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United States of America
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