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Last updated on April 20, 2014 at 14:04 EDT

Latest Cresud Stories

2014-02-11 16:26:32

BUENOS AIRES, Argentina, Feb. 11, 2014 /PRNewswire/ -- Cresud S.A.C.I.F. y A. (NASDAQ: CRESY, BASE: CRES), today announces results for the First Half 2014 ended December 31, 2013. HIGHLIGHTS -- During the first six-month period of 2014 a net loss of ARS 332.0 million was recorded, explained mainly by financial losses originated in exchange rate differences. -- Operating income reached ARS 385.3 million, 30.8% lower than in the first six-month period of...

2013-11-11 16:25:10

BUENOS AIRES, Argentina, Nov. 11, 2013 /PRNewswire/ -- Cresud S.A.C.I.F. y A. (NASDAQ: CRESY, BASE: CRES), today announces results for the First Quarter Fiscal Year 2014 ended September 30, 2013. HIGHLIGHTS -- During the first quarter of fiscal year 2014 a net loss of ARS 89.0 million was recorded, explained mainly by exchange rate differences and higher financial charges. -- Operating income reached ARS 161.6 million, 8.4% lower than in the first quarter...

2013-09-09 20:21:30

BUENOS AIRES, Argentina, Sept. 9, 2013 /PRNewswire/ -- Cresud S.A.C.I.F. y A. (NASDAQ: CRESY, BASE: CRES), today announces results for the Fiscal Year 2013 ended June 30, 2013. HIGHLIGHTS -- Net income for fiscal year 2013 reached ARS 154.3 million, 163.8% higher than in 2012, whereas the Income attributable to Cresud's shareholders was a loss of ARS 26.9 million compared to a loss of ARS 21.3 million for the previous year. -- Operating Income was ARS...

2013-05-17 16:26:11

BUENOS AIRES, Argentina, May 17, 2013 /PRNewswire/ -- Cresud S.A.C.I.F. y A. (NASDAQ: CRESY, BASE: CRES), today announces results for the First nine months of Fiscal Year 2013 ended March 31, 2013. HIGHLIGHTS Net income for the first nine months of 2013 amounted to ARS 263.2 million, compared to ARS 93.2 million in the same period of 2012. Operating income for the first nine months of 2013 reached ARS 753.2 million (+51.3% compared to 2012) mainly driven by better Sale Farm results from...

2013-02-19 00:21:35

BUENOS AIRES, Argentina, Feb. 18, 2013 /PRNewswire/ -- Cresud S.A.C.I.F. y A. (Nasdaq: CRESY, BASE: CRES), today announces results for the First Semester 2013 ended December 31, 2012. HIGHLIGHTS Net income for the first six months of 2013 amounted to ARS 176.7 million, compared to ARS 23.3 million in the same period of 2012. Operating income for the first six months of 2013 reached ARS 556.9 million (+53.0% compared to the first six months of 2012) driven by the satisfactory performance...

2012-05-14 18:21:10

BUENOS AIRES, Argentina, May 14, 2012 /PRNewswire/ -- Cresud S.A.C.I.F. y A. (Nasdaq: CRESY, BASE: CRES), today announces results for the first nine-month period of FY 2012 ended March 31, 2012 HIGHLIGHTS Operating income was ARS 501.8 million, a fall of 2.1% as compared to the same period of the previous fiscal year. Net income for the nine-month period was ARS 67.1 million, 52.7% lower than in the same period of 2011, explained mainly by exchange rate differences and higher financial...

2012-02-13 19:20:00

BUENOS AIRES, Argentina, Feb. 13, 2012 /PRNewswire/ -- Cresud S.A.C.I.F. y A. (Nasdaq: CRESY, BASE: CRES), today announces results for the first six-month period of FY 2012 Ended December 31, 2011 HIGHLIGHTS Crop production grew by 813.3% compared to the first six months of fiscal year 2011, reaching 800.7 thousand tons, thanks to the consolidation of our subsidiary BrasilAgro and the late harvesting of part of our corn plantations in our Argentine farms. Beef cattle production grew...

2011-09-08 23:22:00

BUENOS AIRES, Argentina, Sept. 9, 2011 /PRNewswire/ -- Cresud S.A.C.I.F. y A. (Nasdaq: CRESY, BASE: CRES), today announces results for Fiscal Year 2011 Ended June 30, 2011 HIGHLIGHTS Net income increased 14.6% to Ps. 212.6 million. Operating income rose 23.9% to Ps. 727.1 million. Operating income from the Agribusiness Segment amounted to Ps. 168.3 million, increasing 177.9% as compared to the previous year. The Argentine agribusiness industry saw improvements in the amount of tons...

2011-09-06 15:58:00

BUENOS AIRES, Argentina, Sept. 6, 2011 /PRNewswire/ -- Cresud S.A.C.I.F. y A. (Nasdaq: CRESY, BASE: CRES) has announced the end of the subscription period of its Fourth Series Class VIII bond under Regulation S. ISIN:XS0673511423. The issuance totaled USD 60 million at a semiannual fix rate of 7.5% bullet, maturing in 2014. The use of proceeds of this bond will be debt refinancing and general corporate purposes. It was rated B by Fitch. Cresud issues this note despite widespread market...

2011-05-12 21:13:00

BUENOS AIRES, Argentina, May 12, 2011 /PRNewswire/ -- Cresud S.A.C.I.F. y A. (Nasdaq: CRESY, BASE: CRES), today announces results for the First Nine Months of Fiscal Year 2011 Ended March 31, 2011. HIGHLIGHTS Sales and operating income increased 23%, to Ps. 1,383 million and Ps. 513 million, respectively. Net income was Ps. 142 million compared to Ps. 185 million in the same period of the previous fiscal year, mainly due to larger financial expenses resulting from the issuance of debt...