IRSA Reports Loss Yet Shows Active Market Presence

Irsa Inversiones Y Representaciones SA (IRS) has released an update.

IRSA Inversiones Y Representaciones SA reported a significant loss in fiscal year 2024, with a fiscal year-end loss of ARS 23,054 million, primarily due to a negative result from changes in investment property values. Despite this setback, the company’s rental adjusted EBITDA saw an 8.8% increase from the previous year, and they remained active in the real estate market with multiple property transactions. Additionally, IRSA distributed dividends twice during the year and repurchased 4% of its own shares, investing ARS 29,674 million.

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