Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2021
January 15, 2022
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Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria reported earnings results for the second quarter and six months ended December 31, 2021. For the second quarter, the company reported sales was ARS 16,990 million compared to ARS 11,294 million a year ago. Net income was ARS 18,959 million compared to net loss of ARS 9,389 million a year ago. Basic earnings per share from continuing operations was ARS 32.13 compared to basic loss per share from continuing operations of ARS 19.26 a year ago. Diluted earnings per share from continuing operations was ARS 27.28 compared to diluted loss per share from continuing operations of ARS 19.26 a year ago. Basic earnings per share was ARS 32.13 compared to basic loss per share of ARS 18.82 a year ago. Diluted earnings per share was ARS 27.28 compared to diluted loss per share of ARS 18.82 a year ago.
For the six months, sales was ARS 35,942 million compared to ARS 24,578 million a year ago. Net income was ARS 21,207 million compared to net loss of ARS 4,528 million a year ago. Basic earnings per share from continuing operations was ARS 35.94 compared to ARS 0.22 a year ago. Diluted earnings per share from continuing operations was ARS 30.51 compared to ARS 0.22 a year ago. Basic earnings per share was ARS 35.94 compared to basic loss per share of ARS 9.07 a year ago. Diluted earnings per share was ARS 30.51 compared to diluted loss per share of ARS 9.07 a year ago.
Cresud SACIF y A is an Argentina-based company engaged mainly in telecommunications sector. Through its subsidiaries, it operates two segments: Agricultural Business and Urban Properties and Investment Business, which is divided into: Operations Center Argentina and Operations Center Israel. Agricultural Business focuses on acquiring, developing and exploiting agricultural properties. It is involved in farming activities, cattle raising, leasing land to third parties and perform agency and agro-industrial services, including a meat packing plant. Operations Center Argentina is engaged in the development, acquisition and operation of shopping malls, offices and hotels, among others, in Argentina, and owns selective investments outside Argentina. Operations Center Israel includes real estate activities in Israel and abroad, supermarket chain management and telecommunications services, both locally, as well as is engaged in the insurance, pension and provident funds, among others.
Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2021
CRESUD SOCIEDAD ANÓNIMA, COMERCIAL, INMOBILIARIA, FINANCIERA Y AGROPECUARIA 
