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Stock impact report

CRESUD S.A.C.I.F. y A. announces its results for Fiscal Year 2024, ended June 30, 2024 [Yahoo! Finance]

Cresud S.A.C.I.F. y A. - American Depositary Shares, each representing ten shares of (CRESY) 
US:NASDAQ Investor Relations: cresud.com.ar/?language=en
Company Research Source: Yahoo! Finance
HIGHLIGHTS The net result for fiscal year 2024 recorded a gain of ARS 104,129 million compared to a gain of ARS 279,709 million in 2023. The company's adjusted EBITDA reached ARS 256,396 million in fiscal year 2024, ARS 80,066 million from the agricultural business and ARS 176,330 million from the urban properties and investments business, increasing 23.5% compared to fiscal year 2023. We concluded a campaign with productive challenges in the region and lower commodity prices. We planted 277,000 hectares in the region producing 707,000 tons of grains, 7% below last season due to lack of rains in the north of Argentina and in the areas where Brasilagro produces, impacting our yields. Livestock activity, focused on own farms in the Northwest of Argentina and Brazil , closed the year with high levels of meat production and very good results due to a significant improvement in prices in Argentina During the year we sold 3 fractions of farms in the region for a total amount of U Show less Read more
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