Buenos Aires, Argentina, May 11, 2022 /PRNewswire/ —
STRONG POINTS
- In December 2021, the General Meetings of IRSA and IRSA PC approved the merger by absorption between the companies, in which IRSA absorbs IRSA PC. The merger takes effect on July 1, 2021and the exchange of IRSA PC shares for IRSA shares will take place in the coming days.
- Net income for the nine-month period of fiscal 2022 recorded a profit of ARS 11,502 million compared to a loss of ARS 22,821 million during the previous fiscal year.
- Adjusted EBITDA achieved ARS 12,927 million over the 9-month period of fiscal 2022, 28.2% lower than that of the same period of 2021 due to lower sales of investment properties and 13.4% higher than that recorded during the same period of 2020. Rent-adjusted EBITDA reached ARS 10,060 million (ARS 7,778,000,000 for shopping centers, ARS 1,540,000,000 for offices and 742 million ARS for hotels).
- Sales by tenants in shopping centers increased in real terms during the third quarter of 2022 by 21.2% compared to the same quarter of 2019, unaffected by the pandemic. The occupancy rate of the portfolio rose to 91.5%.
- During the quarter, we sold 5 floors of “261 Della Paolera” building with an area of 5,920 m2 for an approximate amount of $52 million and subsequently we sold 100% of the República building en bloc with an area of 19,885 m² for an approximate amount of $131.8 million.
- In March 2022we have launched a share buyback plan until ARS 1,000 million. To date, the company has redeemed approximately 7.3% of the program.
Financial Highlights
(In millions of Argentine pesos)
9M FISCAL YEAR 2022
|
income statement |
03/31/2022 |
03/31/2021 |
|
Revenue |
19,461 |
14,234 |
|
Gross profit |
12,002 |
7,319 |
|
Net income from changes in the fair value of investment properties |
(11,095) |
(10,635) |
|
Operating loss |
(3,427) |
(8,405) |
|
Result for the period |
11,502 |
(22,821) |
|
Attributable to: |
||
|
IRSA shareholders |
12,470 |
(17,818) |
|
Non-controlling interest |
(968) |
(5,003) |
|
EPS (basic) |
3:42 p.m. |
(30.91) |
|
EPS (diluted) |
14.00 |
(30.91) |
|
Balance sheet |
03/31/2022 |
06/30/2021 |
|
Current assets |
24,399 |
19,464 |
|
Non-current assets |
267 164 |
291,975 |
|
Total assets |
291,563 |
311 439 |
|
Current liabilities |
25,026 |
30,949 |
|
Non-current liabilities |
140 254 |
164,846 |
|
Total responsibilities |
165 280 |
195 795 |
|
Non-controlling interest |
8,394 |
29,206 |
|
Equity |
126,283 |
115,644 |
IRSA Inversiones et Representaciones SA. (NYSE: IRS, BYMA: IRSA), the argentina largest and most diversified real estate company, cordially invites you to participate in its IIIQ FY 2022 Earnings Conference Call on Friday, May 13, 2022to 10:00 AM US Eastern Time / 11:00 BA time.
To participate, please access via the following link:
https://irsacorp.zoom.us/j/87861031276?pwd=bnRBWWEwKzFLTHJmMys3SGJISFEzQT09
Webinar ID: 878 6103 1276
Password: 211602
In addition, you can participate by contacting these numbers:
Argentina: +54 112 040 0447 or +54 115 983 6950 or +54 341 512 2188 or +54 343 414 5986
Israel: +972 3 978 6688 or +972 55 330 1762
Brazil: +55 11 4700 9668 or +55 21 3958 7888 or +55 11 4632 2236 or +55 11 4632 2237 or +55 11 4680 6788
united states of america: +1 312 626 6799 or +1 346 248 7799 or +1 646 558 8656 or +1 669 900 9128 or +1 253 215 8782 or +1 301 715 8592
Chile: +56 232 938 848 or +56 41 256 0288 or +56 22 573 9304 or +56 22 573 9305 or +56 23 210 9066
Investor Relations Department.
+5411 4323-7449
[email protected]
https://www.irsa.com.ar/home-inversores.php?lng=en
Follow us on twitter @irsair
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SOURCE IRSA Inversiones et Representaciones SA
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