The latest announcement is out from Cresud Sociedad ( (CRESY) ).
Cresud Sociedad announced a net loss of ARS 64,391 million for the first half of the fiscal year 2025, attributed largely to decreased fair value of IRSA investment properties. Despite a decline in adjusted EBITDA by 15.3% from the previous year, the company has reported favorable conditions for the 2025 agricultural campaign with increased planting and reduced input costs. A positive impact was noted following the Argentine government’s announcement of temporary export tax reductions, boosting crop prices. Additionally, Cresud executed strategic sales of agricultural properties, enhancing liquidity, and distributed a cash dividend of ARS 45,000 million in November 2024.
More about Cresud Sociedad
Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria is a diversified company based in Argentina, primarily engaged in agriculture, real estate, and financial services. It focuses on agricultural production, real estate development, and investment in the region.
YTD Price Performance: -10.31%
Average Trading Volume: 264,212
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $807M
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