Cresud posts 2Q profit

Cresud posts profit of $90.9 million in 2nd quarter

BUENOS AIRES, Argentina (AP) _ Cresud Sociedad Anonima Comercial, Inmobiliaria, Financiera y Agropecuaria (CRESY) on Monday reported fiscal second-quarter net income of $90.9 million, after reporting a loss in the same period a year earlier.

The Buenos Aires, Argentina-based company said it had profit of $1.82 per share. Losses, adjusted to account for discontinued operations, were 27 cents per share.

The agricultural company posted revenue of $1.23 billion in the period.

Cresud shares have risen 24 percent since the beginning of the year. The stock has more than doubled in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRESY at https://www.zacks.com/ap/CRESY

_____

Keywords: Cresud, Earnings Report

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
Loading...