Welcome to our dedicated page for Cresud news (Ticker: CRESY), a resource for investors and traders seeking the latest updates and insights on Cresud stock.
Cresud S.A.C.I.F. y A. (NASDAQ: CRESY) is an Argentine agricultural company with a growing presence in Latin American countries, combining agribusiness operations with an urban properties and investments segment through IRSA. Its news flow is driven by regular financial results, capital markets activity, farmland transactions and dividend decisions that affect both local shareholders and international ADS holders.
On this page, readers can follow Cresud’s quarterly and annual earnings releases, where the company reports agricultural business revenues and gross profit alongside urban properties revenues and gross profit. These updates explain how planted area, grain production, livestock activity, weather conditions, commodity prices and input costs influence agribusiness performance, and how changes in the fair value of IRSA’s investment properties affect consolidated operating income and net income.
Cresud’s news also covers farmland sales in Argentina and Brazil, including partial and full disposals of farms held directly or through BrasilAgro, which can generate significant gains for the agricultural segment. In addition, the company frequently announces cash and in‑kind dividends, such as distributions of IRSA shares and treasury shares, and provides details on payment logistics, particularly when Argentine foreign exchange and securities regulations impact ADS dividend distributions.
Investors can also track announcements related to Cresud’s capital structure, including the issuance of new series of notes in the local capital markets and notices of interest payments on outstanding notes. For anyone following Latin American agribusiness and real estate exposure through CRESY, this news feed offers a consolidated view of operational performance, land strategy, real estate valuation effects and shareholder return policies over time.
Cresud, an Argentine agricultural company, reported a net profit of ARS 38,030 million for the first half of FY 2022, up from a loss of ARS 4,924 million in FY 2021. This improvement is attributed to strong agricultural operating results and gains from fair value changes in investment properties. Adjusted EBITDA rose by 21.7% to ARS 15,829 million. Agricultural revenue increased to ARS 25,047 million, while urban properties revenue also grew. A merger involving subsidiaries is underway, affecting CRES's stake in IRSA.
Cresud S.A.C.I.F. y A. (NASDAQ: CRESY), an Argentine agricultural leader, reported a net result of ARS 2,838 million for Q1 FY 2022, a significant decline from ARS 11,476 million in Q1 FY 2021. Adjusted EBITDA fell by 31.5% to ARS 5,381 million, largely due to urban business performance, despite stable agribusiness segment earnings of ARS 3,593 million. The company aims to plant 262,000 hectares amidst rising costs but higher international commodity prices. Notably, two farm sales by subsidiary Brasilagro totalled BRL 719.1 million.
Cresud announced its fiscal year 2021 results, ending June 30, 2021. The agricultural segment showed strong performance with a record production of 844,000 tons from 260,000 hectares. Adjusted EBITDA for this segment reached ARS 13,613 million, a 33% increase from the previous year. However, the company reported a net loss of ARS 24,503 million due to tax changes and discontinued operations. The urban properties segment saw a 55% drop in rental EBITDA to ARS 4,215 million amid pandemic impacts.
Cresud, a leading Argentine agricultural company, reported significant losses in its fiscal year 2021 results. The company recorded a net loss of ARS 9,231 million, compared to a profit of ARS 10,589 million in the previous year. Despite this setback, adjusted EBITDA increased by 40.5% to ARS 20,705 million. The agribusiness sector showed resilience with a 15.4% increase in adjusted EBITDA, totaling ARS 9,215 million. Furthermore, the company expanded its stake in Brasilagro and achieved a record grain production expectation of 850,000 tons.
Cresud, an Argentine agricultural firm, reported a significant net loss of ARS 3,264 million for the first semester of fiscal year 2021, contrasting with a profit of ARS 2,278 million in 2020. Notably, adjusted EBITDA rose by 10.2% year-on-year to ARS 8,894 million. The company benefitted from high commodity prices and weather conditions, planning to plant 260,000 hectares. Subsequent to this period, it sold assets in Bolivia for USD 30 million and increased its stake in Brasilagro.
Cresud announced its rights offering for holders of record as of February 19, 2021. The offering allows for subscription to new American Depositary Shares (ADSs) at a price of US$4.72 and new common shares at US$0.472 per share. Holders will receive warrants with an exercise price of US$0.566, valid for five years. The subscription for ADSs expires on March 2, 2021, and for common shares on March 5, 2021. Cresud retains the discretion to cancel the offering at any time, which would lead to a refund of all funds received.
Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria (CRESY) has submitted an amended draft registration statement for a proposed rights offering. This offering allows holders of record on February 19, 2021, to subscribe for new American Depositary Shares (ADSs) and common shares. The indicative subscription prices are set at US$4.72 for ADSs and US$0.472 for common shares, with subscription periods from February 22 to March 2 for ADSs and until March 5 for common shares. The company retains the right to cancel the offering at its discretion.
Cresud, a leading Argentine agricultural firm, reported a net gain of ARS 7,526 million for Q1 FY 2021, down from ARS 9,492 million in Q1 FY 2020. The company's continuing operations showed a gain of ARS 13,922 million, driven mainly by improved investment property valuations. However, discontinued operations recorded a loss of ARS 6,396 million. Adjusted EBITDA rose to ARS 5,811 million, a 63.5% increase year-over-year. Notably, the company completed a successful exchange of Class XXIV Notes valued at USD 73.6 million.
Cresud S.A.C.I.F. y A. (NASDAQ: CRESY) announced an exchange offer for Series XXIV Notes totaling USD 73.6 million, maturing on November 14, 2020, in response to restrictions from the Argentine Central Bank on foreign currency access. The offer includes the issuance of new Series XXXI and XXXII Notes, each accruing interest at a fixed rate of 9.00% per annum. The exchange offer closes on November 5, 2020, with settlement on November 11, 2020. Existing note holders can exchange their notes or receive cash for part of the principal.
Cresud S.A.C.I.F. y A. (CRESY), a prominent Argentine agricultural company, reported a net profit of ARS 20,003 million for FY 2020, recovering from a loss of ARS 40,729 million in 2019. The strong performance is primarily attributed to improved valuations of its investment properties. The Agribusiness Adjusted EBITDA increased by 34.7% to ARS 7,267 million, driven by higher outputs in grain and sugarcane. Despite the impact of COVID-19 on its urban properties, Cresud's agricultural operations continued normally. The company also raised USD 194 million in notes to refinance liabilities.