03/31/2016
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03/31/2015
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In millions of Pesos
|
||||||||
Net Loss
(nine-month period)
|
||||||||
Loss attributable to:
|
||||||||
Company’s shareholders
|
(936 | ) | (488 | ) | ||||
Non-controlling interests
|
(562 | ) | 35 | |||||
Shareholders’ Equity:
|
||||||||
Capital stock
|
495 | 494 | ||||||
Treasury shares
|
7 | 8 | ||||||
Comprehensive adjustment of capital stock and treasury shares
|
65 | 65 | ||||||
Additional paid-in capital
|
659 | 552 | ||||||
Premium for trading of treasury shares
|
16 | - | ||||||
Cost of treasury shares
|
(32 | ) | (32 | ) | ||||
Share warrants
|
- | 106 | ||||||
Changes in non-controlling interest
|
(188 | ) | 22 | |||||
Conversion reserve
|
1,071 | 391 | ||||||
Reserve for srocks-based payments
|
90 | 94 | ||||||
Legal reserve
|
83 | - | ||||||
Reserve for purchase of securities issued by the Company
|
66 | 32 | ||||||
Reserve for offer to purchase to non-controlling shareholders
|
(121 | ) | - | |||||
Reserve for defined benefit plans
|
(3 | ) | - | |||||
Reserve for future dividends
|
31 | - | ||||||
Retained earnings
|
(930 | ) | (487 | ) | ||||
Shareholders’ Equity attributable to controlling company’s shareholders
|
1,309 | 1,245 | ||||||
Non-controlling interest
|
8,412 | 1,969 | ||||||
TOTAL SHAREHOLDERS’ EQUITY
|
9,721 | 3,214 |
·
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During this third quarter of 2016, we started to consolidate the results of the investment made by our subsidiary IRSA in IDB Development Corporation.
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·
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Profit from operations was ARS 3,437 million for the first nine months of 2016, and a net loss of ARS 1,498 million was recorded (ARS 935 million being attributable to the controlling company’s shareholders).
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Profit from operations of the agricultural segment grew by ARS 411 million in the 9-month period compared to the same period of the previous fiscal year, due to the positive effect of the reduction in tax withholdings on exports and the depreciation of the exchange rate.
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·
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We planted 174,436 hectares, from which we expect to obtain very good yields, and we have developed 8,689 hectares in the region during this crop season.
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Our urban segment saw an increase of 168% in its profit from operations, up to ARS 1,276 million in the 9-month period, due to the incorporation of the results of its investment in IDB and higher income from the shopping center and sales and developments segments.
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Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria | |||
By: | /S/ Saúl Zang | ||
Saúl Zang | |||
Responsible for the Relationship with the Markets |