Cresud S.A.C.I.F. y A. reports news tied to its Latin American agribusiness operations and its urban properties and investments exposure through IRSA. Company updates commonly cover fiscal results, adjusted EBITDA by segment, crop campaigns, planted area, grain and sugarcane conditions, livestock production, cattle prices, and the effects of commodity prices, input costs, weather, and Argentine export-tax policy.
Recurring announcements also include farmland sales and development activity in Argentina and Brazil, including activity through BrasilAgro, along with dividends, treasury share distributions, local note issuances, debt-service notices, and conference-call materials for holders of its NASDAQ-listed ADSs and BYMA-listed shares.
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.