IRSA Inversiones y Representaciones S.A announces its results for the second quarter of Fiscal Year 2023 ended December 31, 2022
HIGHLIGHTS
- The net result for the first half of fiscal year 2023 registered a profit of
ARS 15,436 million compared to a profit ofARS 49,712 million in the previous fiscal year. - The rental adjusted EBITDA reached
ARS 15,471 million ,47.5% higher than the first half of the previous year, driven by the segments of shopping malls and hotels. Total adjusted EBITDA, which includes sales of investment properties, reachedARS 13,903 million , increasing10.1% in the period. - Tenant real sales in shopping malls grew by
22.2% in the first semester of 2023 compared to the same period of 2022. The EBITDA of the segment reachedARS 12,419 million , increasing by50.5% in the period and the EBITDA margin grew to78.6% . - Occupancy in the rental segments grew in the quarter, reaching
93.9% in shopping malls,83.8% in the premium office portfolio, and71.4% in hotels. - On
November 8, 2022 , the Company distributed to shareholders a cash dividend in the amount ofARS 4,340 million , equivalent to ARS/share 5.41438 and ARS/ADR 54.1438. - After closing, we issued Series XV and XVI Notes for the sum of
USD 90 million . Funds will be used to cancel short-term liabilities.
Financial Highlights
(In millions of Argentine Pesos)
6M FY 2023
Income Statement | ||
Revenues | 30,890 | 21,527 |
Consolidated Gross Profit | 20,411 | 13,315 |
Net result from changes in the fair value of investment properties | (29,530) | 43,731 |
Consolidated Result from Operations | (17,422) | 51,642 |
Result for the Period | 15,436 | 49,712 |
Attributable to: | ||
IRSA's Shareholders | 15,090 | 50,105 |
Non-Controlling interest | 346 | (393) |
EPS (Basic) | 18.85 | 61.94 |
EPS (Diluted) | 16.92 | 56.25 |
Balance Sheet | ||
Current Assets | 46,403 | 60,689 |
Non-Current Assets | 442,829 | 472,666 |
Total Assets | 489,232 | 533,355 |
Current Liabilities | 56,329 | 123,656 |
Non-Current Liabilities | 182,808 | 166,871 |
Total Liabilities | 239,137 | 290,527 |
Non-Controlling Interest | 15,769 | 15,557 |
Shareholders' Equity | 250,095 | 242,828 |
The Company's market capitalization as of
To access the Webinar:
https://irsacorp.zoom.us/webinar/register/WN_ymlPxyxdTkqZJxRoAuXajA
Webinar ID: 868 1139 3494
Password: 317213
In addition, you can participate communicating to this numbers:
Brasil : +55 11 4632 2237 or +55 11 4680 6788 or +55 11 4700 9668 or +55 21 3958 7888 or +55 11 4632 2236
Estados Unidos: +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 or +1 309 205 3325 or +1 312 626 6799 or +1 346 248 7799 or +1 360 209 5623 or +1 386 347 5053
Investor Relations Department.
+ 5411 4323-7449
ir@irsa.com.ar
https://www.irsa.com.ar/home-inversores.php?lng=en
Follow us on Twitter @irsair
View original content:https://www.prnewswire.com/news-releases/irsa-inversiones-y-representaciones-sa-announces-its-results-for-the-second-quarter-of-fiscal-year-2023-ended-december-31-2022-301743300.html
SOURCE