CRESUD S.A.C.I.F y A. announces its Results for the Fiscal Year 2020 ended June 30, 2020
(NASDAQ: CRESY, BYMA: CRES), leading Argentine agricultural company, announces today results for the Fiscal Year 2020 ended June 30, 2020.
- (NASDAQ: CRESY, BYMA: CRES), leading Argentine agricultural company, announces today results for the Fiscal Year 2020 ended June 30, 2020.
- The net result for fiscal year 2020 registered a gain of ARS 20,003 million compared to a loss of ARS 40,729 million in 2019.
- Agribusiness Adjusted EBITDA of fiscal year 2020 reached ARS 7,267 million, 34.7% above 2019 mainly explained by higher productive results of the grain and sugar cane segment, offset by lower results from farmland sales.
- Regarding our individual financial statements, the investment in IDBD and DIC as of June 30, 2020 is valued at zero.